M&A Deal Summary

Peoples Bank Acquires North Star Leasing

On March 31, 2021, Peoples Bank acquired business services company North Star Leasing from Copley Equity Partners

Acquisition Highlights
  • This is Peoples Bank’s 1st transaction in the Business Services sector.
  • This is Peoples Bank’s 4th transaction in the United States.
  • This is Peoples Bank’s 1st transaction in Vermont.

M&A Deal Summary

Date 2021-03-31
Target North Star Leasing
Sector Business Services
Buyer(s) Peoples Bank
Sellers(s) Copley Equity Partners
Deal Type Add-on Acquisition

Target

North Star Leasing

Burlington, Vermont, United States
North Star Leasing is a provider of specialized lease solutions for customers across numerous industries including Automotive, Healthcare, Pet-Supply, and Restaurant. North Star Leasing was founded in 1979 and is based in Burlington, Vermont.

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Buyer(S) 1

Buyer

Peoples Bank

Marietta, Ohio, United States

Category Company
Founded 1902
Sector Financial Services
Employees1,498
Revenue 422M USD (2023)
DESCRIPTION

Peoples Bank is a diversified financial services holding company with $3.2 billion in total assets, 82 sales offices and 80 ATMs in Ohio, West Virginia and Kentucky. Peoples Bank was founded in 1902 and is based in Marietta, Ohio.


DEAL STATS #
Overall 4 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Vermont) 1 of 1
Country (United States) 4 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Premier Bank

Huntington, West Virginia, United States

Premier Bank is a provider of community banking services to individuals and small-to-medium sized businesses. The company accepts various deposit products, including checking, NOW, savings, money market, club, individual retirement, and overdraft protection accounts, as well as certificates of deposit. Its loan products include loans for purchasing personal residences or loans for commercial or consumer purposes secured by residential mortgages. Premier Bank was founded in 1991 and is based in Huntington, West Virginia.

Buy $292M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Vantage Financial

Excelsior, Minnesota, United States

Vantage Financial is a provider of equipment financing. Vantage Financial is based in Excelsior, Minnesota.

Buy $54M

Seller(S) 1

DESCRIPTION

Copley Equity Partners is a private investment firm that invests in established small and lower middle-market businesses with significant growth prospects. The Firm is sector agnostic and generally looks to provide capital for shareholder liquidity, acquisition, and growth needs. Copley Equity looks to invest $5 to $75 million in equity capital in profitable businesses generating up to $25 million of cash flow. Copley Equity Partners was established in 2012 and is headquartered in Quincy, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Vermont) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 AeroMed Group

Charlotte, North Carolina, United States

AeroMed Group is a supply chain solutions provider to the aerospace and defense industries. AeroMed Group partners with proven entrepreneurs to build customer-focused, performance-driven, sustainable organizations that embrace new technologies and new ways of working. AeroMed Group was founded in 2000 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Power Solutions Group

Tipp City, Ohio, United States

Power Solutions Group is a NETA-accredited power & automation solutions provider, focused on timely innovative solutions to create safe high-powered electrical systems. Power Solutions’ engineers and technicians have years of experience in detecting, preventing, troubleshooting, and solving a wide variety of power distribution issues in the industrial world through testing, new technology, and custom switchgear fabrication. Power Solutions Group was founded in 2006 and based in Tipp City, Ohio.

Buy -