M&A Deal Summary

Valley Bank Acquires Oritani Financial

On August 23, 2019, Valley Bank acquired financial services company Oritani Financial for 740M USD

Acquisition Highlights
  • This is Valley Bank’s 7th transaction in the Financial Services sector.
  • This is Valley Bank’s largest (disclosed) transaction.
  • This is Valley Bank’s 9th transaction in the United States.
  • This is Valley Bank’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2019-08-23
Target Oritani Financial
Sector Financial Services
Buyer(s) Valley Bank
Deal Type Add-on Acquisition
Deal Value 740M USD

Target

Oritani Financial

Washington Township, New Jersey, United States
Oritani Financial is a provider of financial services in the US through its retail and commercial banks. Oritani Financial was founded in 1911 and is based in Washington Township, New Jersey.

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Buyer(S) 1

Buyer

Valley Bank

Morristown, New Jersey, United States
Category Company
Founded 1927
Sector Financial Services
Employees3,749
Revenue 1.9B USD (2023)
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 9 of 11
Sector (Financial Services) 7 of 7
Type (Add-on Acquisition) 3 of 5
State (New Jersey) 3 of 3
Country (United States) 9 of 11
Year (2019) 2 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Alloy Cladding

Jupiter, Florida, United States

Alloy Cladding is a turnkey industry contractor, offering a variety of specialties including submerged arc stainless steel digester overlay, carbon steel buildup, portable field service machining, process piping system installations, digester component replacement, and pressure vessel alterations and re-ratings. Alloy Cladding was founded in 1956 and is based in Jupiter, Florida.

Buy -
FOLLOWING 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.

Buy -
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