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  6. U.S. Bancorp Asset Management Acquires PFM

M&A Deal Summary

U.S. Bancorp Asset Management Acquires PFM

On December 7, 2021, U.S. Bancorp Asset Management acquired financial services company PFM

Acquisition Highlights
  • This is U.S. Bancorp Asset Management’s 1st transaction in the Financial Services sector.
  • This is U.S. Bancorp Asset Management’s 1st transaction in the United States.
  • This is U.S. Bancorp Asset Management’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-12-07
Target PFM
Sector Financial Services
Buyer(s) U.S. Bancorp Asset Management
Deal Type Add-on Acquisition

Target

PFM

Philadelphia, Pennsylvania, United States
PFM is a provider of financial and budget services to a diverse base of clients from locations in every region of the country. PFM partners with the public sector, non-profit and other institutions to build tailored, flexible investment solutions across fixed income and multi-asset strategies. PFM was established in 1975 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

U.S. Bancorp Asset Management

Minneapolis, Minnesota, United States
Category Company
Founded 1982
Sector Financial Services
DESCRIPTION

U.S. Bancorp Asset Management is a registered investment adviser that has been providing investment-grade fixed income investment solutions with more than $181 billion in assets under management. U.S. Bancorp Asset Management was founded in 1982 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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