M&A Deal Summary

Capital One Acquires BlueTarp Financial

On June 21, 2019, Capital One acquired financial services company BlueTarp Financial from Long Ridge Equity Partners

Acquisition Highlights
  • This is Capital One’s 13th transaction in the Financial Services sector.
  • This is Capital One’s 20th transaction in the United States.
  • This is Capital One’s 1st transaction in Maine.

M&A Deal Summary

Date 2019-06-21
Target BlueTarp Financial
Sector Financial Services
Buyer(s) Capital One
Sellers(s) Long Ridge Equity Partners
Deal Type Add-on Acquisition

Target

BlueTarp Financial

Portland, Maine, United States
BlueTarp Financial, Inc. delivers customized, branded B2B trade credit programs for enterprise, small and medium-sized merchants across the United States. Based in Portland, Maine, BlueTarp provides merchants with improved cash flow, protection from credit risk, tools to grow sales, and a proprietary tech platform that enhances the customer experience.

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Buyer(S) 1

Buyer

Capital One

McLean, Virginia, United States

Category Company
Founded 1988
Sector Financial Services
Employees56,100
Revenue 36.8B USD (2023)
DESCRIPTION
Capital One's headquarters in McLean, Virginia.
Capital One's headquarters in McLean, Virginia.

Capital One Financial is a diversified financial services holding company with banking and non-banking subsidiaries. Capital One Financial Corporation and its subsidiaries offer a broad array of financial products and services to consumers, small businesses and commercial clients through branches, the internet and other distribution channels. Capital One was incorporated in 1988 and is based in McLean, Virginia.


DEAL STATS #
Overall 21 of 23
Sector (Financial Services) 13 of 14
Type (Add-on Acquisition) 17 of 19
State (Maine) 1 of 1
Country (United States) 20 of 22
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-11 Confyrm

San Francisco, California, United States

Confyrm, Inc. is a provider of online security alert services for detection and resolution of digital identity and fraud alert. Confyrm, Inc. was established in 2013 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 United Income

Washington, District of Columbia, United States

United Income is an online investment management and financial planning company. United Income's money management solution aims to extend the life and potential of money by utilizing new data and technology. United Income was founded in 2016 and is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

Long Ridge Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Long Ridge Equity Partners is a private investment firm focused on the financial services sector. The Firm seeks growth capital and special situation investments. Specific areas of interest include financial technology, specialty finance, securities and trading, asset management, payments, and exchanges. Long Ridge was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 5 of 11
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 2 of 6
State (Maine) 1 of 1
Country (United States) 5 of 11
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 BROWZ

Draper, Utah, United States

BROWZ delivers a solution to prequalify, assess, and monitor supply chain compliance based on the unique needs of each client’s business. BROWZ provides comprehensive assessments using patented, configurable technology and expertise, resulting in the site operator's confidence in a safer work environment for clients and supply chains around the world. The BROWZ solution addresses global supply chain needs related to qualifying contractors and suppliers for leading clients in industries such as mining, transportation, construction, chemicals, aerospace, pharmaceuticals, and many others. BROWZ is based in Draper, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-19 Neighborhoods.com

Chicago, Illinois, United States

Neighborhoods.com comprised of brands 55places.com and neighborhoods.com, the two online real estate websites provide up-to-date home sale listings across the U.S., detailed community descriptions, photos, independent reviews, and access to its network of carefully-selected agents––ensuring each prospective homebuyer is met with the most knowledgeable and credible experts in their designated area. Neighborhoods.com is based in Chicago, Illinois.

Buy -