M&A Deal Summary

Raymond James Financial Acquires Morgan Keegan & Company

On April 2, 2012, Raymond James Financial acquired financial services company Morgan Keegan & Company for 1.2B USD

Acquisition Highlights
  • This is Raymond James Financial’s 4th transaction in the Financial Services sector.
  • This is Raymond James Financial’s largest (disclosed) transaction.
  • This is Raymond James Financial’s 3rd transaction in the United States.
  • This is Raymond James Financial’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2012-04-02
Target Morgan Keegan & Company
Sector Financial Services
Buyer(s) Raymond James Financial
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Morgan Keegan & Company

Memphis, Tennessee, United States
Morgan Keegan & Company, Inc. engages in full-service wealth management and capital market firms.

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Buyer(S) 1

Buyer

Raymond James Financial

St. Petersburg, Florida, United States

Category Company
Founded 1962
Sector Financial Services
Employees18,000
Revenue 11.5B USD (2023)
DESCRIPTION
Raymond James' corporate headquarters located in St. Petersburg, Florida.
Raymond James' corporate headquarters located in St. Petersburg, Florida.

Raymond James Financial is a financial holding company, through its subsidiaries, that is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. Raymond James Financial was founded in 1962 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 4 of 10
Sector (Financial Services) 4 of 8
Type (Add-on Acquisition) 3 of 8
State (Tennessee) 1 of 1
Country (United States) 3 of 8
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-30 Allied Irish Banks Canadian Operation

Canada

Allied Irish Banks, Canadian Operation, comprises a loan portfolio with the face value of approximately 650 million dollars and outstanding value of 500 million dollars.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Cougar Global Investments

Toronto, Ontario, Canada

Cougar Global is a global asset-allocation ETF strategist that markets its investment services to high-net-worth individuals, families, foundations, trusts and institutions in Canada and the United States.

Buy -