M&A Deal Summary

Valley Bank Acquires Dudley Ventures

On October 13, 2021, Valley Bank acquired business services company Dudley Ventures

Acquisition Highlights
  • This is Valley Bank’s 1st transaction in the Business Services sector.
  • This is Valley Bank’s 11th transaction in the United States.
  • This is Valley Bank’s 1st transaction in Arizona.

M&A Deal Summary

Date 2021-10-13
Target Dudley Ventures
Sector Business Services
Buyer(s) Valley Bank
Deal Type Add-on Acquisition

Target

Dudley Ventures

Phoenix, Arizona, United States
Dudley Ventures and its affiliates have invested over $1.6 billion in tax credit investments and its investor base includes national, regional, and local financial institutions and a broad range of corporate America. The company provides advisory and structuring assistance for new markets tax credits, historic tax credits, investment tax credits, and low-Income housing tax credits. It has a staff of full-service professionals, including an investment management and advisory services team, a financial reporting and accounting department, and a full-time Compliance Department to handle all financing and asset management requirements. Dudley Ventures is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Valley Bank

Morristown, New Jersey, United States

Category Company
Founded 1927
Sector Financial Services
Employees3,732
Revenue 1.8B USD (2024)
DESCRIPTION

Valley Bank is a regional bank holding company that operates 204 branches in 144 communities serving 16 counties throughout northern and central New Jersey, Manhattan, Brooklyn, Queens, and Long Island. Valley Bank was founded in 1927 and is based in Morristown, New Jersey.


DEAL STATS #
Overall 11 of 11
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Arizona M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-30 Cheyenne Associates

Brooksville, Florida, United States

Cheyenne Associates, Inc. specializes in roadway maintenance, asphalt milling, asphalt paving, guardrail installation and repair, highway signage installs, and roadway construction. Cheyenne Associates was founded in 1996 and is based in Brooksville, Florida.

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