M&A Deal Summary |
|
|---|---|
| Date | 2020-07-01 |
| Target | Seaside National Bank & Trust |
| Sector | Financial Services |
| Buyer(s) | United Community Bank |
| Sellers(s) |
Lovell Minnick Partners
Parthenon Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1950 |
| Sector | Financial Services |
| Employees | 3,071 |
| Revenue | 872M USD (2023) |
United Community Bank is a provider of financial services. The bank specializes in providing personalized community banking services to individuals, small businesses and corporations. United Community Bank was founded in 1950 and is based in Blairsville, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 11 |
| Sector (Financial Services) | 9 of 10 |
| Type (Add-on Acquisition) | 8 of 9 |
| State (Florida) | 1 of 1 |
| Country (United States) | 9 of 11 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-04 |
Tidelands Bancshares
Mount Pleasant, South Carolina, United States Tidelands Bancshares, Inc. is a bank holding company of Tidelands Bank. Tidelands is a local community bank focused on serving individuals, families, entrepreneurs, and small business. |
Buy | $2M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-13 |
FinTrust
Greenville, South Carolina, United States FinTrust provides investment advisory, financial planning, and securities brokerage services to private wealth and corporate and institutional customers. FinTrust has over $2.0 in client assets under management in four offices across South Carolina and Georgia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 30 |
| Sector (Financial Services) | 20 of 25 |
| Type (Add-on Acquisition) | 5 of 9 |
| State (Florida) | 1 of 2 |
| Country (United States) | 23 of 29 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-19 |
Fortis
Novi, Michigan, United States Fortis provides developers and businesses integrated payment processing capabilities. The company offers its proprietary Zeamster platform and gateway focused on integrating with a point of sale, software and ERP providers in various industries. Fortis was founded in 2010 and is based in Novi, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-23 |
Keane
New York, New York, United States Keane is a provider of unclaimed property compliance solutions. From annual escheat compliance reporting, customized communication programs and in-depth consulting services, Keane provides corporations, mutual funds, banks, brokerage, insurance companies and transfer agents with a depth and breadth of services that is unmatched. Keane was formed in 2010 and is based in New York City. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 34 |
| Sector (Financial Services) | 5 of 7 |
| Type (Add-on Acquisition) | 11 of 15 |
| State (Florida) | 4 of 4 |
| Country (United States) | 26 of 34 |
| Year (2020) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-12 |
RxSense
Boston, Massachusetts, United States RxSense is a healthcare technology company developing solutions that improve transparency and access to more affordable medications for millions across America. RxSense’s vertically integrated business, including its own proprietary technology for claims management and adjudication and direct contacts with the nation’s largest pharmacies (including CVS, Walmart, and Walgreens), allows it to deliver consistently low prices on prescription drugs to improve the access and adherence to medication for people across America. RxSense was founded in 2015 and is based in Boston, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-22 |
Nuvem
Mount Laurel, New Jersey, United States Nuvem is a provider of pharmacy claims administration and related technology-enabled solutions for healthcare provider organizations nationwide. Nuvem’s flagship product, 340BasicsTM, is a pharmacy claims administration platform that enables qualified healthcare providers to purchase drugs under the Federal 340B Drug Discount Program. Nuvem was founded in 2014 and is based in Mount Laurel, New Jersey. |
Buy | - |
