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M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Sandy Spring Bancorp, Inc.
Actual Acquirer: Sandy Spring Bancorp, Inc.
Target: Neff & Associates
Deal Type: Insurance Broker Company
Agreement Date1/19/2006
Announcement Date1/19/2006
Announced Deal Value ($M)1.90
StatusCompleted
Completion Date1/31/2006
Consideration Breakout
Cash ($M)1.9
Deal Pricing Ratios
 AnnouncementCompletion
Price / Revenue (x)1.581.58
Price / Earnings (x)NANA
Price / Assets (%)NANA
Price / Book (%)NANA
Deal Terms
Description of Consideration
Sandy Spring Bancorp paid $1.9 million in cash for Neff & Associates and will pay an undisclosed contingency payment in 2008 based on Neff & Associates financial results in 2008.
Percent Acquired (%)100.00
Accounting MethodPurchase
Merger of Equals?No
Geographic Expansion?NA
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA

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