M&A Deal Summary |
|
|---|---|
| Date | 2017-08-15 |
| Target | First Mariner Bank |
| Sector | Financial Services |
| Buyer(s) | Howard Bank |
| Sellers(s) |
Patriot Financial Partners
GCP Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Keefe, Bruyette & Woods (Financial) Venable (Legal) |
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| Category | Company |
|---|---|
| Founded | 2004 |
| Sector | Financial Services |
| Employees | 235 |
| Revenue | 84M USD (2020) |
Howard Bank is a bank holding company. Its principal operating subsidiary Howard Bank is a growth-focused community bank serving businesses, professionals and individuals. Howard Bank was founded in 2004 and is based in Baltimore, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Financial Services M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Maryland M&A | 2 of 2 |
| Country: United States M&A | 2 of 2 |
| Year: 2017 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-31 |
Patapsco Bancorp
Dundalk, Maryland, United States Patapsco Bancorp, Inc. is a community bank company. |
Buy | $10M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Focused |
Patriot Financial Partners is a private equity firm focused on acquiring and investing in community based banks, thrifts, and other related financial services companies throughout the US. Patriot is a hands-on investor and seeks businesses with assets between $500 million and $5 billion. Patriot Financial Partners was established in 2007 and is headquartered in Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 14 |
| Sector: Financial Services M&A | 9 of 14 |
| Type: Add-on Acquisition M&A Deals | 8 of 11 |
| State: Maryland M&A | 1 of 1 |
| Country: United States M&A | 9 of 14 |
| Year: 2017 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-28 |
Coastal States Bank
Hilton Head Island, South Carolina, United States CoastalSouth provides a wide range of commercial, consumer, and mortgage banking services through its wholly owned subsidiary, CoastalStates Bank. Coastal States Bank was founded in 2003 and is based in Hilton Head Island, South Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-24 |
Fortis
Bellevue, Washington, United States Fortis serves the needs of affluent and high net worth professionals and executives, privately owned operating businesses and their owners, including professional service firms such as legal firms, accounting firms, and medical practices, and real estate investors. Fortis was founded in 2014 and is based in Bellevue, Washington. |
Buy | - |
| Category | Merchant Bank |
|---|---|
| Founded | 2000 |
| PE ASSETS | 1.2B USD |
| Size | Large |
| Type | Sector Agnostic |
GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $10 to $50 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 24 |
| Sector: Financial Services M&A | 6 of 7 |
| Type: Add-on Acquisition M&A Deals | 9 of 10 |
| State: Maryland M&A | 1 of 1 |
| Country: United States M&A | 21 of 22 |
| Year: 2017 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-23 |
Eastern Virginia Bankshares
Tappahannock, Virginia, United States Eastern Virginia Bankshares, Inc. own and operates twenty-three full-service branches in eastern Virginia. Eastern Virginia Bankshares was founded in 1910 and is based in Tappahannock, Virginia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-12 |
UpdatePromise
Chino, California, United States UpdatePromise is a provider of cloud-based, consumer focused solutions primarily to auto collision-repair shops and the service departments of automotive dealerships. UpdatePromise was founded in 2009 and is based in Chino, California. |
Buy | - |
