M&A Deal Summary

Key Bank Acquires AQN Strategies

On March 2, 2021, Key Bank acquired financial services company AQN Strategies

Acquisition Highlights
  • This is Key Bank’s 5th transaction in the Financial Services sector.
  • This is Key Bank’s 7th transaction in the United States.
  • This is Key Bank’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-03-02
Target AQN Strategies
Sector Financial Services
Buyer(s) Key Bank
Deal Type Add-on Acquisition

Target

AQN Strategies

McLean, Virginia, United States
AQN Strategies LLC is a consulting firm of expert-practitioners that has provided outstanding results to clients across the financial space, from fintechs to international banks. AQN Strategies was founded in 2016 and is based in McLean, Virginia.

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Buyer(S) 1

Buyer

Key Bank

Cleveland, Ohio, United States
Category Company
Founded 1849
Sector Financial Services
Employees16,752
Revenue 6.2B USD (2023)
DESCRIPTION

Key Bank is a provider of investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. Key Bank was founded in 1849 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 7 of 9
Sector (Financial Services) 5 of 6
Type (Add-on Acquisition) 4 of 6
State (Virginia) 1 of 1
Country (United States) 7 of 9
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Laurel Road Bank - Online Lending Business

Connecticut, United States

Laurel Road Bank - Online Lending Business is a digital lending business based in Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 XUP Payments

Charlotte, North Carolina, United States

XUP Payments is a B2B focused digital platform. XUP's technology enables simple, intuitive, client onboarding and servicing experiences. XUP Payments was founded in 2020 and is based in Charlotte, North Carolina.

Buy -
Mergr

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