M&A Deal Summary

Patriot Financial Partners Acquires Ampersand

On November 8, 2023, private equity firm Patriot Financial Partners acquired financial services company Ampersand

Acquisition Highlights
  • This is Patriot Financial Partners’ 31st transaction in the Financial Services sector.
  • This is Patriot Financial Partners’ 32nd transaction in the United States.
  • This is Patriot Financial Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2023-11-08
Target Ampersand
Sector Financial Services
Buyer(s) Patriot Financial Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Ampersand

Waukesha, Wisconsin, United States
Ampersand specializes in deposit administration, with a strong focus on aligning its strategy with the demands and requirements of depositors. Ampersand was founded in 1999 and is based in Waukesha, Wisconsin.

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Buyer(S) 1

Buyer

Patriot Financial Partners

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

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 32 of 32
Sector (Financial Services) 31 of 31
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Wisconsin) 1 of 1
Country (United States) 32 of 32
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 PatientFi

Irvine, California, United States

PatientFi partners with healthcare practices and product manufacturers to reduce cost barriers for patients seeking elective procedures. healthcare practices use PatientFi’s point of sale technology to offer patients financing for cash pay treatments and procedures. PatientFi was founded in 2017 and is based in Irvine, Caifornia.

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