Truist Mergers and Acquisitions Summary

Financial ServicesCompany

Truist has acquired 50 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms.

Truist’s largest acquisition to date was in 2019, when it acquired SunTrust Banks for $28.0B. Truist has acquired in 17 different US states. The Company’s most targeted sectors include financial services (84%) and insurance (8%).

Join Mergr and gain access to Truist’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity50
    • M&A Buy Activity50
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 7

Truist

Truist Financial Corp.

214 North Tryon Street,
Charlotte, North Carolina 28202
United States,
(336) 733-2000
www.truist.com

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.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 45 2 1 - 1 1 50
vol $17.5B $28.0B $2.0B $47.5B
Sell (0.0/yr) # - - - - - - 0
  50

Most Recent M&A

Company Date Value Type
Zaloni 2022-08-22 - Add-on Acquisition
Durham, North Carolina · www.zaloni.com
Service Finance Co. LLC 2021-08-10 2.0B USD Divestiture
Boca Raton, Florida · www.svcfin.com
SunTrust Banks, Inc. 2019-02-07 28.0B USD Merger
Atlanta, Georgia · www.suntrust.com
Enigma Technologies, Inc. 2018-09-18 - Add-on Acquisition
New York, New York · www.enigma.com
Regions Insurance, Inc. 2018-04-06 - Divestiture
Little Rock, Arkansas
Swett & Crawford Group, Inc. 2016-02-24 500M USD Divestiture
Atlanta, Georgia · www.swett.com
National Penn Bancshares, Inc. 2015-08-17 1.8B USD Add-on Acquisition
Allentown, Pennsylvania · www.nationalpennbancshares.com
The Bank of Kentucky Financial Corp. 2015-06-22 - Add-on Acquisition
Crestview Hills, Kentucky · www.bankofkyhb.com
Susquehanna Bancshares, Inc. 2015-03-13 2.5B USD Merger
Lititz, Pennsylvania · www.susquehanna.net
BankAtlantic 2012-07-31 - Add-on Acquisition
Fort Lauderdale, Florida · www.bankatlantic.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Branch Banking and Trust Co.    - AFCO Credit Corp. 2007-01-03 5
Winston-Salem, North Carolina New York, New York · www.afco.com
Branch Banking and Trust Co.    - CAFO, Inc. 2007-01-03 4
Winston-Salem, North Carolina Toronto, Ontario · www.cafo.com

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 42 (84%) 46.4B (98%) - -
Insurance 4 (8%) 1.1B (2%) - -
Business Services 2 (4%) - - -
Software 2 (4%) - - -
Total 50 $47.5B - -

By Geo

State/Country Buy Value Sell Value
United States 50 47.5B - -
  Georgia 10 31.0B - -
  Virginia 7 5.6B - -
  South Carolina 5 474M - -
  Florida 5 2.5B - -
  North Carolina 4 - - -
  Maryland 4 853M - -
  Kentucky 3 372M - -
  West Virginia 2 1.3B - -
  Pennsylvania 2 4.3B - -
  Wisconsin 1 - - -
  Tennessee 1 150M - -
  New York 1 - - -
  New Jersey 1 570M - -
  Missouri 1 122M - -
  District of Columbia 1 170M - -
  Arkansas 1 - - -
  Alabama 1 - - -
Total 50 $47.5B - -

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
4
Truist Securities
1
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
3
Willkie Farr & Gallagher LLP
1
Squire Sanders
1

Deal Values

buy # Total
> $1B 7 $39.7B
$100M to $1B 26 $7.8B
< $100M 1 $46M
TOTAL $47.5B
Largest SunTrust Banks, Inc.
$28.0B (2019-02-07)

M&A Connections

Deals
Acquired from
Investor(s)
2%
1 (2%)
Strategic(s)
6%
3 (6%)

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