M&A Deal Summary

Houchens Industries Acquires J.J.B. Hilliard W.L. Lyons

On November 16, 2007, Houchens Industries acquired financial services company J.J.B. Hilliard W.L. Lyons from PNC

Acquisition Highlights
  • This is Houchens Industries’ 1st transaction in the Financial Services sector.
  • This is Houchens Industries’ 1st transaction in the United States.
  • This is Houchens Industries’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2007-11-16
Target J.J.B. Hilliard W.L. Lyons
Sector Financial Services
Buyer(s) Houchens Industries
Sellers(s) PNC
Deal Type Divestiture

Target

J.J.B. Hilliard W.L. Lyons

Louisville, Kentucky, United States
J.J.B. Hilliard, W.L. Lyons LLC is a full-service brokerage and financial services provider.

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Buyer(S) 1

Buyer

Houchens Industries

Bowling Green, Kentucky, United States

Category Company
Founded 1917
Sector Healthcare Services
DESCRIPTION

Houchens Industries, INC. operates as a diversified conglomerate. It offers occupational health care services; financial planning services and customized advices with a focus on education, retirement, business succession, trust, and estate planning; voluntary benefits, and medical and group insurance; risk management and employee benefit products; and construction management and general contracting services.


DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 3
Country (United States) 1 of 4
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 Tampico Beverages

Chicago, Illinois, United States

Tampico Beverages, Inc. produces and sells refrigerated juice drinks. It offers blue raspberry, citrus, kiwi strawberry, mango, peach, and tropical fruit punches. The company sells its products through retailers and groceries in North America, Central America, the Caribbean, South America, Africa, the Middle East, Asia, and Australia/Pacific.

Buy -

Seller(S) 1

SELLER

PNC

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1852
Sector Financial Services
Employees53,932
Revenue 21.5B USD (2023)
DESCRIPTION
PNC's corporate headquarters in downtown Pittsburgh, Pennsylvania.
PNC's corporate headquarters in downtown Pittsburgh, Pennsylvania.

PNC is a diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services. PNC was formed in 1922 and is based in Pittsburgh, Pennsylvania. PNC was founded in 1852 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 2 of 5
Sector (Financial Services) 2 of 5
Type (Divestiture) 2 of 4
State (Kentucky) 1 of 1
Country (United States) 2 of 5
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-26 Yardville National Bancorp

Hamilton, New Jersey, United States

Yardville National Bancorp is a 33-branch commercial and consumer bank.

Buy $403M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-04 Sterling Financial

Lancaster, Pennsylvania, United States

Sterling Financial Corp. a bank holding company for Sterling Savings Bank, a state-chartered and federally insured commercial bank. Sterling offers banking products and services, mortgage lending, construction financing and investment products to individuals, small businesses, commercial organizations and corporations. Sterling operates 178 deposit-taking branches in Washington, Oregon, Idaho, Montana and California.

Buy $565M