Add-on Acquisition • Financial Services

Stifel Financial Acquires Sterne Agee Group

On February 23, 2015, Stifel Financial acquired financial services company Sterne Agee Group for 150M USD

Acquisition Context
  • This is Stifel Financial’s 7th transaction in the Financial Services sector.
  • This is Stifel Financial’s largest (disclosed) transaction.
  • This is Stifel Financial’s 7th transaction in the United States.
  • This is Stifel Financial’s 2nd transaction in Alabama.

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M&A Deal Summary

Date February 23, 2015
Target Sterne Agee Group
Sector Financial Services
Buyer(s) Stifel Financial
Deal Type Add-on Acquisition
Deal Value 150M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target Company

Sterne Agee Group

Birmingham, Alabama, United States
Sterne Agee Group, Inc. is a financial services firms. It offers comprehensive wealth management and investment services to a diverse client base including corporations, municipalities and individual investors.
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Buyer Overview 1

Buyer

Stifel Financial

St. Louis, Missouri, United States

Category Company
Founded 1890
Sector Financial Services
Employees8,887
Revenue 4.9B USD (2024)
DESCRIPTION

Stifel Financial is a financial services holding company that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel Financial was founded in 1890 and is based in St. Louis, Missouri.


Deal Context for Buyer #
Overall 7 of 14
Sector: Financial Services 7 of 12
Type: Add-on Acquisition 7 of 13
State: Alabama 2 of 2
Country: United States 7 of 12
Year: 2015 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Merchant Capital

Montgomery, Alabama, United States

Merchant Capital LLC is a investment bank specializing in public finance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Business Bancshares

Clayton, Missouri, United States

Business Bancshares, Inc. is a single bank holding company and parent of The Business Bank of St. Louis. The Business Bank was founded in 2002 and operates a full service banking facility from its single location at 8000 Maryland Avenue in Clayton, Missouri.

Buy -