Synovus Secures $17 Billion Deal with Pinnacle
Deal News | Jul 24, 2025 | Wachtell, Lipton, Rosen & Katz
Synovus Financial Corp. and Pinnacle Financial Partners, Inc. announced a major merger agreement valued at $17 billion, set to create a powerhouse in the financial services sector. The deal, structured as an all-stock transaction, aims to leverage the combined strengths of both companies to enhance their market presence and service offerings. Wachtell, Lipton, Rosen & Katz is serving as the legal advisor for this high-profile merger. The merger is noted for its strategic alignment and is expected to close by the end of 2025, pending regulatory approvals and shareholder agreement. By uniting, Synovus and Pinnacle plan to capitalize on shared synergies to improve efficiency and offer competitive financial solutions across a broader geographical reach.
Sectors
- Financial Services
- Legal Services
Geography
- United States – Both Synovus Financial Corp. and Pinnacle Financial Partners are based in the U.S., making it the primary geography for the merger.
Industry
- Financial Services – The merger involves two major financial institutions, focusing on expanding their market influence and service capabilities.
- Legal Services – Wachtell, Lipton, Rosen & Katz's role as the legal advisor highlights the importance of legal guidance in such high-value mergers.
Financials
- $17 billion – The value of the all-stock combination between Synovus and Pinnacle.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Synovus Financial Corp. | Bidding Company | Company | A financial services company, involved in the merger as the acquiring party. |
| Pinnacle Financial Partners, Inc. | Target Company | Company | The firm being acquired in the $17 billion all-stock combination with Synovus. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Provided legal advice for the merger agreement between Synovus and Pinnacle. |