M&A Deal Summary

PNC Acquires Ambassador Financial Group

On January 14, 2019, PNC acquired financial services company Ambassador Financial Group

Acquisition Highlights
  • This is PNC’s 10th transaction in the Financial Services sector.
  • This is PNC’s 14th transaction in the United States.
  • This is PNC’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2019-01-14
Target Ambassador Financial Group
Sector Financial Services
Buyer(s) PNC
Deal Type Add-on Acquisition

Target

Ambassador Financial Group

Allentown, Pennsylvania, United States
Ambassador Financial Group, Inc. is a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies, and other financial institutions. Ambassador Financial Group is based in Allentown, Pennsylvania.

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Buyer(S) 1

Buyer

PNC

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1852
Sector Financial Services
Employees53,932
Revenue 21.5B USD (2023)
DESCRIPTION
PNC's corporate headquarters in downtown Pittsburgh, Pennsylvania.
PNC's corporate headquarters in downtown Pittsburgh, Pennsylvania.

PNC is a diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services. PNC was formed in 1922 and is based in Pittsburgh, Pennsylvania. PNC was founded in 1852 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 14 of 17
Sector (Financial Services) 10 of 11
Type (Add-on Acquisition) 12 of 14
State (Pennsylvania) 4 of 4
Country (United States) 14 of 17
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 The Trout Group

New York, New York, United States

The Trout Group LLC is an investor relations and strategic advisory firm servicing the healthcare industry, with more than 80 clients in the life sciences, biotechnology, pharmaceutical and medical device sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 The PNC Financial Services Group - Investment-Management-Related Assets

Pittsburgh, Pennsylvania, United States

The PNC Financial Services Group, Inc. - Investment-Management-Related Assets includes the reorganization of PNC's family of liquidity, equity and fixed-income mutual funds into corresponding Federated mutual funds.

Sell -
Mergr

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