Goldman Sachs to Acquire People Corporation for $1.13 Billion

M&T Bank Corporation to Acquire People’s United Financial in $7.6 Billion All-Stock Deal

February 22, 2021

Financial Services

M&T Bank Corporation will acquire People’s United Financial in an all-stock transaction valued at approximately $7.6 billion. Under the definitive agreement, People’s United shareholders will receive 0.118 shares of M&T common stock for each share they own, and the combined company is expected to create a community-focused banking franchise across 12 states plus Washington, D.C.

Goldman Sachs Acquires United Capital Financial Partners

May 16, 2019

Financial Services

The Goldman Sachs Group agreed to acquire United Capital Financial Partners, Inc. for $750 million in cash. The acquisition expands Goldman's wealth management business by adding United Capital's ~220+ financial advisors, $25 billion AUM and its FinLife CX digital platform; the deal was expected to close in Q3 2019 subject to regulatory approvals.

H.I.G. Capital Acquires Majority Stake in Office People

April 12, 2023

Staffing & HR

H.I.G. Capital, through an affiliate, acquired a majority stake in Germany-based Office People GmbH. The transaction establishes a partnership with founder Olaf Hansen and the management team, with CEO Mahmut Akköse and the leadership team continuing to run the business. The deal is subject to regulatory approval and terms were not disclosed.

Cornerstone Capital Bank Completes Acquisition of Peoples Bank (Peoples Bancorp) to Build $3.4B Texas Growth Platform

March 3, 2026

Financial Services

Cornerstone Capital Bancorp, the holding company for Cornerstone Capital Bank, completed its acquisition of Peoples Bancorp, the holding company for Peoples Bank of Lubbock, Texas. The deal combines into a $3.4B-asset organization that expands Cornerstone’s presence across Texas while adding retail mortgage, homeowners insurance, mortgage joint venture, and loan servicing capabilities.

Quest Global Acquires Majority Stake in People Tech Group

May 7, 2024

Engineering Services

Quest Global has acquired a majority stake in People Tech Group, expanding its North American footprint and strengthening capabilities in automotive software (SDV/HMI) and enterprise software, cloud, data engineering and analytics. The partnership will keep People Tech's leadership in place while leveraging Quest Global's global resources to scale operations and serve Fortune 500 clients.

Peoples Bank (Peoples Bancorp) Acquires Vantage Financial

February 16, 2022

Financial Services

Peoples Bank, a wholly owned subsidiary of Peoples Bancorp Inc., acquired Vantage Financial for $54 million in cash and agreed to repay approximately $21 million of Vantage recourse debt; the deal closed in March 2022. Vantage will continue to operate under its name as a subsidiary, with the majority of its leadership staying in place while co-founder Bob Murphy retires.