M&A Deal Summary

Heritage Financial Group Acquires Alarion Financial Services

On April 22, 2014, Heritage Financial Group acquired financial services company Alarion Financial Services

Acquisition Highlights
  • This is Heritage Financial Group’s 2nd transaction in the Financial Services sector.
  • This is Heritage Financial Group’s 2nd transaction in the United States.
  • This is Heritage Financial Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2014-04-22
Target Alarion Financial Services
Sector Financial Services
Buyer(s) Heritage Financial Group
Deal Type Add-on Acquisition
Advisor(s) Banks Street Partners (Financial)

Target

Alarion Financial Services

Ocala, Florida, United States
Alarion Financial Services Inc. provides a full range of commercial and consumer banking services from six banking offices located in Ocala.

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Buyer(S) 1

Buyer

Heritage Financial Group

Albany, Georgia, United States
Category Company
Sector Financial Services
Employees475
Revenue 160M USD (2015)
DESCRIPTION

Heritage Financial Group, Inc. is the holding company for HeritageBank of the South a community-oriented bank serving primarily Georgia, Florida, and Alabama through 29 banking locations, 15 mortgage offices, and 5 investment offices.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-08 Frontier Bank GA

Lagrange, Georgia, United States

Frontier Bank offers personal and commercial banking services.

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