M&A · Financials · Buyer's industry: State Commercial Banks
Independent Bank Corp to acquire Enterprise Bancorp, Inc.
Announced Dec 9, 2024 · Closed Jul 1, 2025 · Private target
Deal value$562M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock$45.06 per share
Transaction
- Acquirer
- Independent Bank Corp (INDB)
- Target
- Enterprise Bancorp, Inc.
- Buyer type
- Strategic
- Offer price per share
- $45.06
- Enterprise value
- —
- Status
- Closed Jul 1, 2025
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Stifel
- To the target
- Not disclosed
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks