M&A Deal Summary

First Foundation Acquires TGR Financial

On June 3, 2021, First Foundation acquired financial services company TGR Financial for 295M USD

Acquisition Highlights
  • This is First Foundation’s 5th transaction in the Financial Services sector.
  • This is First Foundation’s largest (disclosed) transaction.
  • This is First Foundation’s 5th transaction in the United States.
  • This is First Foundation’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-06-03
Target TGR Financial
Sector Financial Services
Buyer(s) First Foundation
Deal Type Add-on Acquisition
Deal Value 295M USD
Advisor(s) Truist Securities (Financial)
Smith Mackinnon
Smith, Gambrell & Russell (Legal)

Target

TGR Financial

Naples, Florida, United States
TGR Financial, Inc. is the parent company for First Florida Integrity Bank. First Florida Integrity Bank offers a full suite of banking services designed to meet the needs of both personal and commercial customers. TGR Financial is based in Naples, Florida.

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Buyer(S) 1

Buyer

First Foundation

Dallas, Texas, United States
Category Company
Founded 1985
Sector Financial Services
Employees564
Revenue 175M USD (2023)
DESCRIPTION

First Foundation is a provider of integrated investment management, wealth planning, consulting, trust and banking services. First Foundation was incorporated in 1985 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 5 of 5
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 PBB Bancorp.

Los Angeles, California, United States

PBB Bancorp. is a full service community business bank headquartered in downtown Los Angeles, California. Premier has two other locations in the South Bay region of Los Angeles County; a community-based full service retail branch in Palos Verdes and a loan center in Torrance.

Buy -
Mergr

Product

Company

Legal