M&A Deal Summary

Commerce Bank Acquires L.J. Hart

On November 18, 2022, Commerce Bank acquired financial services company L.J. Hart

Acquisition Highlights
  • This is Commerce Bank’s 1st transaction in the Financial Services sector.
  • This is Commerce Bank’s 1st transaction in the United States.
  • This is Commerce Bank’s 1st transaction in Missouri.

M&A Deal Summary
Date 2022-11-18
Target L.J. Hart
Sector Financial Services
Buyer(s) Commerce Bank
Deal Type Add-on Acquisition

Target

L.J. Hart

Saint Louis, Missouri, United States
L.J. Hart & Co. is a municipal bond underwriter and advisor that has underwritten more than 2,600 individual municipal financings since incorporation for a par value exceeding $7.3 billion, according to data from Refinitiv Financial Solutions. The company develops creative and tailored financing solutions for local governments, including school districts, counties, special districts, not-for-profit corporations, and other entities. L.J. Hart & Co. was formed in 1991 and is based in Saint Louis, Missouri.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Commerce Bank

Kansas, Missouri, United States
Category Company
Founded 1865
Sector Financial Services
Employees4,724
Revenue 1.6B USD (2023)
DESCRIPTION

Commerce Bank is a community bank offering an array of sophisticated financial products delivered with high-quality, personal customer service. Commerce Bank was founded in 1865 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

Legal