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Announced

Peoples Bancorp to acquire Vantage Financial for $75m.

Financials

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Transaction Value£55m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Pending

Leasing

Majority

Acquisition

equipment financing

Friendly

Domestic

Single Bidder

Private

Synopsis

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Peoples Bancorp, a bank holding company, agreed to acquire Vantage Financial, a nationwide provider of equipment financing headquartered in Excelsior, Minnesota, for $75m. "We are excited to welcome Bill and his highly talented team to Peoples and look forward to Vantage continuing its impressive track record of originating high quality assets. The addition of Vantage to the Peoples suite of product offerings will allow us to build upon our recent success with our North Star Leasing acquisition, while also becoming a top 100 US leasing business based on combined assets," Chuck Sulerzyski, Peoples President and CEO.

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