Investment Summary

Patriot Financial Partners Invests In Fortis

On May 24, 2018, private equity firm Patriot Financial Partners invested in financial services company Fortis

Investment Highlights
  • This is Patriot Financial Partners’ 26th transaction in the Financial Services sector.
  • This is Patriot Financial Partners’ 27th transaction in the United States.
  • This is Patriot Financial Partners’ 1st transaction in Washington.

Investment Summary

Date 2018-05-24
Target Fortis
Sector Financial Services
Investor(s) Patriot Financial Partners
Deal Type Stake Purchase
Advisor(s) Sandler O'Neill + Partners (Financial)
Otteson Shapiro (Legal)

Target

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.

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Investor(S) 1

Investor

Patriot Financial Partners

Investor 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 27 of 32
Sector: Financial Services M&A 26 of 31
Type: Stake Purchase M&A Deals 4 of 6
State: Washington M&A 1 of 1
Country: United States M&A 27 of 32
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 First Mariner Bank

Baltimore, Maryland, United States

First Mariner Bank is a Maryland based community bank operating primarily throughout the central region of Maryland. First Mariner is an independent bank and operates 18 branches. First Mariner Bank was founded in 1920 and is based in Baltimore, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 MBT Financial

Monroe, Michigan, United States

MBT Financial is an independently-owned community bank that offers a complete range of services to commercial and retail clients. MBT Financial was founded in 1858 and is based in Monroe, Michigan.

Sell $291M