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M&A Deal Summary

Sunflower Bank Acquires Pioneer Bank

On May 11, 2021, Sunflower Bank acquired financial services company Pioneer Bank from JLL Partners

Acquisition Highlights
  • This is Sunflower Bank’s 1st transaction in the Financial Services sector.
  • This is Sunflower Bank’s 1st transaction in the United States.
  • This is Sunflower Bank’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-05-11
Target Pioneer Bank
Sector Financial Services
Buyer(s) Sunflower Bank
Sellers(s) JLL Partners
Deal Type Merger
Advisor(s) Piper Sandler & Co. (Financial)
Bracewell (Legal)

Target

Pioneer Bank

Austin, Texas, United States
Pioneer Bank is a bank holding company headquartered in Houston, Texas that operates community bank branches in Dallas, Houston and San Antonio, Texas. The company backs veteran bankers in each of the local markets to focus on originating low-risk commercial loans and gather core deposits from small and middle-market business customers. All branches operate under the unified “Pioneer Bank” brand. Pioneer Bank was founded in 2005 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Sunflower Bank

Denver, Colorado, United States
Category Company
Sector Financial Services
DESCRIPTION

Sunflower Bank provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives, with a branch network in five states and mortgage capabilities in 43 states. Sunflower Bank is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

JLL Partners

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 18 of 22
Sector: Financial Services M&A 2 of 2
Type: Merger M&A Deals 4 of 4
State: Texas M&A 3 of 4
Country: United States M&A 18 of 21
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Sunflower Bank

Denver, Colorado, United States

Sunflower Bank provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives, with a branch network in five states and mortgage capabilities in 43 states. Sunflower Bank is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-14 American Dental Partners

Wakefield, Massachusetts, United States

American Dental Partners is a dental practice management company that provides business services to medically-oriented, multi-specialty dental groups, with over 270 facilities across more than 20 states. ADPI was formed in 1995 and is based in Wakefield, Massachusetts.

Sell -
Mergr

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