M&A Deal Summary

Regions Financial Acquires Highland Associates

On June 7, 2019, Regions Financial acquired financial services company Highland Associates

Acquisition Highlights
  • This is Regions Financial’s 3rd transaction in the Financial Services sector.
  • This is Regions Financial’s 3rd transaction in the United States.
  • This is Regions Financial’s 2nd transaction in Alabama.

M&A Deal Summary
Date 2019-06-07
Target Highland Associates
Sector Financial Services
Buyer(s) Regions Financial
Deal Type Add-on Acquisition
Advisor(s) Bradley Arant Boult Cummings (Legal)

Target

Highland Associates

Birmingham, Alabama, United States
Highland Associates, Inc. is an institutional investment firm that provides objective, research-driven investment counsel to not-for-profit healthcare entities and mission-based organizations. Highland Associates is led by credentialed advisors with a deep understanding of the industry. With $26 billion in client assets, the firm serves clients from offices in Birmingham, Alabama, and St. Louis.

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Buyer(S) 1

Buyer

Regions Financial

Birmingham, Alabama, United States
Category Company
Founded 1971
Sector Financial Services
Employees20,101
Revenue 7.6B USD (2023)
DESCRIPTION
Regions' headquarters in downtown Birmingham, Alabama.
Regions' headquarters in downtown Birmingham, Alabama.

Regions Financial is a full-service provider of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,700 banking offices and 2,000 ATMs. Regions Financial was founded in 1971 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 3 of 7
Sector (Financial Services) 3 of 6
Type (Add-on Acquisition) 3 of 5
State (Alabama) 2 of 2
Country (United States) 3 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 Regions Insurance

Little Rock, Arkansas, United States

Regions Insurance, Inc. is an insurance brokerage company, provides insurance solutions and risk management services. Regions Insurance was founded in 1928 and is based in Little Rock, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Ascentium Capital

Kingwood, Texas, United States

Ascentium Capital LLC provides financing of essential-use equipment for small business customers through a technology-enabled model that delivers same-day credit decisions and funding. The company specializes in loan and lease products for IT and office machines, medical equipment, specialty vehicles, industrial equipment, and franchise assets. Ascentium Capital was formed in 2011 and is based in Kingwood, Texas.

Buy -
Mergr

Product

Company

Legal