Total financial services industry M&A deals worth $1.8bn were announced in the US in June 2022, with JAB HoldingLLC’s $1.4bn acquisition of Crum & Forster Pet Insurance Group and Pethealth being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 89.7% over the previous month of $933m and a drop of 62.02% when compared with the last 12-month average of $4.66bn.
The US held a 51.75% share of the global financial services industry M&A deal value that totalled $3.42bn in June 2022.
In terms of M&A deal activity, the US recorded 54 deals during June 2022, marking a decrease of 5.26% over the previous month and a drop of 32.50% over the 12-month average.
US financial services industry M&A deals in June 2022: Top deals
The top three financial services industry M&A deals accounted for 95.48% of the overall value during June 2022.
The combined value of the top three financial services M&A deals stood at $1.69bn, against the overall value of $1.77bn recorded for the month.
The top three financial services industry M&A deals of June 2022 tracked by GlobalData were:
1) JAB HoldingLLC $1.4bn acquisition deal with Crum & Forster Pet Insurance Group and Pethealth
2) The $181.1m acquisition of GrandSouth Bancorporation by First Bancorp.
3) FNB $117m acquisition deal with UB Bancorp and Union Bank
