M&A Deal Summary

The Bank of New York Mellon Acquires Archer

On September 5, 2024, The Bank of New York Mellon acquired business services company Archer from LLR Partners

Acquisition Highlights
  • This is The Bank of New York Mellon’s 2nd transaction in the Business Services sector.
  • This is The Bank of New York Mellon’s 7th transaction in the United States.
  • This is The Bank of New York Mellon’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2024-09-05
Target Archer
Sector Business Services
Buyer(s) The Bank of New York Mellon
Sellers(s) LLR Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
DLA Piper (Legal)

Target

Archer

Berwyn, Pennsylvania, United States
Archer is a technology-enabled service provider for the asset management industry. It has deep and broad-based experience creating customized solutions that help asset managers swiftly launch new products, streamline operations, enter new distribution channels, and manufacturing investment solutions that meet the evolving needs of end investors. Archer was founded in 2000 and is based in Berwyn, Pennsylvania.

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Buyer(S) 1

Buyer

The Bank of New York Mellon

New York, New York, United States
Category Company
Founded 1784
Sector Financial Services
Employees52,100
Revenue 17.3B USD (2023)
DESCRIPTION
BNY Mellon office outside of Wilmington, Delaware.
BNY Mellon office outside of Wilmington, Delaware.

The Bank of New York Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. The Bank of New York Mellon was founded in 1784 and is based in New York City.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Pennsylvania) 2 of 2
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Alcentra

London, United Kingdom

Alcentra is the largest and longest-tenured manager of private debt with $38 billion in assets under management as of April 30, 2022 (including accounts managed by Alcentra NY, LLC, Alcentra Limited, and assets managed by Alcentra personnel for affiliates under dual officer arrangements). Alcentra was founded in 2002 and is headquartered in London, United Kingdom.

Sell $350M

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 74 of 76
Sector (Business Services) 8 of 8
Type (Add-on Acquisition) 47 of 47
State (Pennsylvania) 20 of 20
Country (United States) 73 of 75
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 WizeHive

Conshohocken, Pennsylvania, United States

WizeHive provides a secure, cloud platform ZengineTM along with services and support to mission-based organizations including corporate social responsibility teams, government entities, universities, and other non-profits. WizeHive’s technology enables the application, review, and full lifecycle management of the grants, scholarships, fellowships, and other awards that lie at the heart of their clients’ missions. Zengine offers unmatched flexibility and adaptability to support each client’s unique mission objectives and processes. WizeHive was formed in 2008 and is based in Conshohocken, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Salute Mission Critical

Franklin, Wisconsin, United States

Salute Mission Critical is an IT Data Center Lifecycle services company that recruits and trains military veterans to become world-class technicians. The company deploys, manages, and decommissions data center sites with consistently high-quality results. Salute Mission Critical is based in Franklin, Wisconsin.

Sell -
Mergr

Product

Company

Legal