Berkshire Global Advisors Acted as Exclusive Financial Advisor to Sabal Trust Company

  • Date: January 2025
  • Sector: Wealth Management
  • Sub-Sector: Trust Companies
  • Region: Americas
  • Seller AUM: $3 Billion
Seller Details:

Sabal Trust Company is the largest independent, employee-owned non-depository trust company in Florida. Sabal Trust Company is headquartered in St. Petersburg, Florida, and has additional offices in Tampa, Sarasota, and the Villages, Florida and has assets under management of approximately $3 billion. Sabal Trust Company provides trust administration, investment management, retirement planning, estate settlement, and family office services.

Buyer Details:

Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates combined loan and deposit production offices in the greater metropolitan areas of Nashville, Tennessee and Atlanta, Georgia.

Transaction Summary:

The transaction is expected to be immediately accretive to GAAP EPS excluding one-time costs and meets or exceeds the Company’s minimum thresholds for Internal Rate of Return (IRR) and Return on Invested Capital (ROIC). The business being acquired has four locations within the greater Tampa, Florida and Orlando, Florida metropolitan statistical areas (“MSAs”), and would build the Company’s market share of investment management and trust business in these high-growth markets.

 

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