M&A Deal Summary |
|
|---|---|
| Date | 2021-08-10 |
| Target | Service Finance |
| Sector | Financial Services |
| Buyer(s) | Truist |
| Sellers(s) | ECN Capital |
| Deal Type | Divestiture |
| Deal Value | 2.0B USD |
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| Category | Company |
|---|---|
| Founded | 1872 |
| Sector | Financial Services |
| Employees | 49,218 |
| Revenue | 23.4B USD (2023) |
Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 50 |
| Sector (Financial Services) | 42 of 42 |
| Type (Divestiture) | 3 of 3 |
| State (Florida) | 5 of 5 |
| Country (United States) | 49 of 50 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 4 of 34 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-07 |
SunTrust Banks
Atlanta, Georgia, United States SunTrust Banks, Inc. is a financial services company. SunTrust has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of December 31, 2018, SunTrust had total assets of $216 billion and total deposits of $163 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. |
Buy | $28.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-22 |
Zaloni
Durham, North Carolina, United States Zaloni is a provider of data technology solution delivery software. Zaloni Arena Data Governance platform rapidly and securely delivers trusted data for advanced analytics and AI/ML use cases. Zaloni Arena brings efficiency to complex data environments through an intelligent and collaborative data catalog, automated governance, and unified observability to reduce IT costs and accelerate time to insight. Zaloni is based in Durham, North Carolina. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2016 |
| Sector | Financial Services |
| Employees | 580 |
| Revenue | 160M USD (2023) |
ECN Capital is a commercial finance company operates across North America in three verticals of the commercial finance market (Rail Finance, Commercial & Vendor Finance, and Commercial Aviation Finance). ECN Capital was founded in 2016 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Financial Services) | 2 of 4 |
| Type (Divestiture) | 2 of 4 |
| State (Florida) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-25 |
Triad Financial Services
Jacksonville, Florida, United States Triad is the oldest manufactured housing finance company in the U.S. It originates and services primarily prime and super-prime loans to consumers for manufactured homes throughout the U.S. Originations are sourced through a national network of dealers and manufacturers and are sold to an established network of over 40 banks and credit unions. In addition to originating prime loans, Triad manages manufactured housing portfolios for third party owners. |
Buy | $100M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-24 |
Onboard Partners
Boston, Massachusetts, United States Onboard Partners is specialized in helping financial services companies and their partners solve challenges within credit cards, unsecured loans, and merchant acquiring. Onboard Partners is based in Boston, Massachusetts. |
Sell | $210M |
