PITTSBURGH, Pa. – F.N.B. Corp. and its wholly owned broker dealer subsidiary announced Tuesday that it has entered into a definitive agreement to acquire Raptor Partners LLC.
Pittsburgh-based Raptor, an independent investment banking firm, focuses on mergers and acquisitions, corporate finance, valuation advisory and private capital raising. Upon closing, Raptor will contribute to F.N.B.’s strategy to grow and diversify noninterest income with significant capital markets capabilities, a news release states.
“FNB has continually invested in its capital markets capabilities, which positions us as a trusted advisor for our clients and has driven a 137% increase in revenue over the past decade. The addition of investment banking rounds out our offerings, enabling F.N.B. to provide clients with advisory services throughout their entire business life cycle,” said Vincent J. Delie Jr., F.N.B. Corp. chairman, president and CEO. “We believe this is an opportune time to invest in F.N.B.’s investment banking platform to advise our middle market and large corporate clients given the scale of our company and the changing economic outlook.”
Upon closing of the acquisition, Craig Wolfanger, Raptor founder and president, will join F.N.B. as managing director and head of investment banking. The transaction is expected to close in the second quarter of 2025.
“We are excited to join with F.N.B. to offer financial advisory services to new and existing clients,” Wolfanger said. “Raptor Partners has completed hundreds of transactions with an aggregate value of nearly $40 billion across a variety of industries, bringing a wealth of knowledge, expertise and experience to F.N.B.”