M&A Deal Summary

Shawmut National Acquires New Dartmouth Bank

On January 1, 1994, Shawmut National acquired financial services company New Dartmouth Bank from Northwood Ventures

Acquisition Highlights
  • This is Shawmut National’s 1st transaction in the Financial Services sector.
  • This is Shawmut National’s 1st transaction in the United States.
  • This is Shawmut National’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 1994-01-01
Target New Dartmouth Bank
Sector Financial Services
Buyer(s) Shawmut National
Sellers(s) Northwood Ventures
Deal Type Add-on Acquisition

Target

New Dartmouth Bank

Manchester, New Hampshire, United States
New Dartmouth Bank, Inc., is a provider of financial services.

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Buyer(S) 1

Buyer

Shawmut National

Hartford, Connecticut, United States
Category Company
Founded 1988
Sector Financial Services
Employees9,565
DESCRIPTION

Shawmut National Corp. is a bank holding company provides financial services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (1994) 1 of 1

Seller(S) 1

SELLER

Northwood Ventures

Syosset, New York, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.

DEAL STATS #
Overall 4 of 49
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 3 of 20
State (New Hampshire) 1 of 1
Country (United States) 4 of 45
Year (1994) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 J-U Rig 200 Partnership 1993

Dallas, Texas, United States

J-U Rig 200 Partnership 1993, L.P. is formed to acquire a group of jack-up oil drilling rigs operated by the Huthnance Division of W.R. Grace & Co. in the Gulf of Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 MECC

Cincinnati, Ohio, United States

MECC, Inc., offers a full range of insurance products and services.

Sell -
Mergr

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