M&A Deal Summary

H&R Block Acquires Olde Financial

On September 2, 1999, H&R Block acquired financial services company Olde Financial for 850M USD

Acquisition Highlights
  • This is H&R Block’s 2nd transaction in the Financial Services sector.
  • This is H&R Block’s largest (disclosed) transaction.
  • This is H&R Block’s 4th transaction in the United States.
  • This is H&R Block’s 1st transaction in Michigan.

M&A Deal Summary
Date 1999-09-02
Target Olde Financial
Sector Financial Services
Buyer(s) H&R Block
Deal Type Add-on Acquisition
Deal Value 850M USD

Target

Olde Financial

Detroit, Michigan, United States
Olde Financial Corp. is a discount brokerage firm.

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Buyer(S) 1

Buyer

H&R Block

Kansas City, Missouri, United States
Category Company
Founded 1955
Sector Consumer Services
Employees3,800
Revenue 3.5B USD (2023)
DESCRIPTION
H&R Block's corporate headquarters in Kansas City, Missouri.
H&R Block's corporate headquarters in Kansas City, Missouri.

H&R Block is a provider of income tax return preparation and related services and products via a network of approximately 13,000 company-owned and franchised offices and through TaxCut online and software solutions. H&R Block was formed in 1955 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 4 of 8
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 3 of 6
State (Michigan) 1 of 1
Country (United States) 4 of 7
Year (1999) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 RSM McGladrey

Bloomington, Minnesota, United States

RSM McGladrey, Inc. is a consulting firm that provides a variety of services to small and medium sized business. Services include accounting, audit, tax preparation and planning, and wealth management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-07 TaxNet

Carlsbad, California, United States

TaxNet, Inc. is a provider of customized online tax services.

Buy -
Mergr

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