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  6. SmartFinancial Acquires Fountain Equipment Finance

M&A Deal Summary

SmartFinancial Acquires Fountain Equipment Finance

On May 3, 2021, SmartFinancial acquired business services company Fountain Equipment Finance

Acquisition Highlights
  • This is SmartFinancial’s 1st transaction in the Business Services sector.
  • This is SmartFinancial’s 5th transaction in the United States.
  • This is SmartFinancial’s 5th transaction in Tennessee.

M&A Deal Summary
Date 2021-05-03
Target Fountain Equipment Finance
Sector Business Services
Buyer(s) SmartFinancial
Deal Type Add-on Acquisition
Advisor(s) Gentry, Tipton & McLemore (Legal)

Target

Fountain Equipment Finance

Knoxville, Tennessee, United States
Fountain Equipment Finance provides a specialty lending platform that offers construction equipment financing to small and medium-sized businesses throughout the Southeast. Fountain Equipment Finance was founded in 2006 and is headquartered in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

SmartFinancial

Knoxville, Tennessee, United States
Category Company
Sector Financial Services
DESCRIPTION

SmartFinancial, Inc. is a full-service commercial bank with 22 branches and three loan production offices spanning East Tennessee, Tuscaloosa and Southwest Alabama, and the Florida Panhandle.

DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Tennessee M&A 5 of 5
Country: United States M&A 5 of 5
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Sevier County Bank

Sevierville, Tennessee, United States

Formed in 1909, Sevier County Bank is a provider of personal or business banking services and has over $400 million in total assets with six branches in Sevier County, Tennessee, and one branch in Richmond, Virginia.

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