M&A Deal Summary

Citizens Financial Group Acquires Willamette

On August 5, 2021, Citizens Financial Group acquired financial services company Willamette

Acquisition Highlights
  • This is Citizens Financial Group’s 30th transaction in the Financial Services sector.
  • This is Citizens Financial Group’s 32nd transaction in the United States.
  • This is Citizens Financial Group’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2021-08-05
Target Willamette
Sector Financial Services
Buyer(s) Citizens Financial Group
Deal Type Add-on Acquisition

Target

Willamette

Chicago, Illinois, United States
Willamette delivers a range of financial advising services to corporate clients and the legal profession. Those services include business valuation, intellectual property valuation and royalty rate analysis, forensic accounting investigations, transaction fairness opinions, and solvency opinions, lost profits and economic damages analysis, not-for-profit entity valuation and private investment opinions, transaction financial advisor and due diligence services, and employee stock ownership plan (ESOP) valuation and adequate consideration opinions. Willamette was founded in 1969 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Citizens Financial Group

Providence, Rhode Island, United States
Category Company
Founded 1828
Sector Financial Services
Employees17,800
DESCRIPTION

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide banking products and services.

DEAL STATS #
Overall 32 of 35
Sector (Financial Services) 30 of 30
Type (Add-on Acquisition) 27 of 30
State (Illinois) 3 of 3
Country (United States) 32 of 35
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Investors Bank

Short Hills, New Jersey, United States

Investors Bank is the holding company for Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey and 147 branches located throughout New Jersey and New York. Investors Bank was founded in 1926 and is based in Short Hills, New Jersey.

Buy $3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 JMP Group

San Francisco, California, United States

JMP Group is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. The company conducts its investment banking and research, sales, and trading activities through JMP Securities and its venture capital and private capital activities through Harvest Capital Strategies and JMP Asset Management. JMP Group is based in San Francisco, California.

Buy $149M
Mergr

Product

Company

Legal