M&A Deal Summary |
|
|---|---|
| Date | 2019-07-15 |
| Target | United Financial Bancorp |
| Sector | Financial Services |
| Buyer(s) | People s United Bank |
| Deal Type | Add-on Acquisition |
| Deal Value | 759M USD |
| Advisor(s) | Sandler O'Neill + Partners (Financial) Sullivan & Cromwell (Legal) |
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| Category | Company |
|---|---|
| Founded | 1842 |
| Sector | Financial Services |
| Employees | 6,110 |
| Revenue | 1.8B USD (2019) |
People's United Bank is a diversified financial services company with $33 billion in assets. People’s United Bank is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. People's United Bank was founded in 1842 and is based in Bridgeport, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector (Financial Services) | 12 of 12 |
| Type (Add-on Acquisition) | 12 of 12 |
| State (Connecticut) | 4 of 4 |
| Country (United States) | 13 of 13 |
| Year (2019) | 2 of 2 |
| Size (of disclosed) | 2 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-17 |
VAR Technology Finance
Mesquite, Texas, United States VAR Technology Finance provides financing for commercial and public sector customers of large technology suppliers that sell through the Information Technology channel, using an industry-focused software platform and private label programs. They have over 25,000 direct end-user customers in commercial and public sectors, including small, medium and Fortune 1000 companies, in addition to K‐12 and universities. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-19 |
People s United Financial - LH-Finance
Connecticut, United States People's United Financial, Inc.'s LH-Finance is a marine lending division based in Connecticut, United States. |
Sell | - |
