M&A Deal Summary

Safe Harbor Financial Acquires Abaca

On October 31, 2022, Safe Harbor Financial acquired financial services company Abaca for 30M USD

Acquisition Highlights
  • This is Safe Harbor Financial’s 1st transaction in the Financial Services sector.
  • This is Safe Harbor Financial’s largest (disclosed) transaction.
  • This is Safe Harbor Financial’s 1st transaction in the United States.
  • This is Safe Harbor Financial’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2022-10-31
Target Abaca
Sector Financial Services
Buyer(s) Safe Harbor Financial
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Abaca

North Little Rock, Arkansas, United States
Abaca is a provider of comprehensive cannabis banking and financial platform which provides compliant bank accounts, treasury management, payments, and other financial services to cannabis companies across the country through proprietary technology and proven partnerships. Abaca was founded in 2017 and is based in North Little Rock, Arkansas.

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Buyer(S) 1

Buyer

Safe Harbor Financial

Golden, Colorado, United States
Category Company
Founded 2015
Sector Financial Services
Employees43
Revenue 19M USD (2023)
DESCRIPTION

Safe Harbor Financial is a provider of compliance, monitoring, and validation services to financial institutions while providing traditional banking services to cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. Safe Harbor Financial was founded in 2015 and is based in Golden, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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