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New Deal


Announced

Completed

First Financial completed the acquisition of Summit Funding Group for $121m.

Financials

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Transaction Value£91m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Single Bidder

equipment financing

United States

Friendly

Leasing

Majority

Domestic

Completed

Synopsis

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First Financial, a regional bank headquartered in Cincinnati, completed the acquisition of Summit Funding Group, the fourth largest independent equipment financing platform in the United States, for $121m. "We are excited about the opportunity to provide our clients with additional services through Summit's extensive leasing capabilities, and we look forward to the growth potential that is created through this acquisition," Archie Brown First Financial President and CEO.

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