M&A Deal Summary

BB&T Insurance Services Acquires McGriff Seibels & Williams

On November 11, 2003, BB&T Insurance Services acquired insurance company McGriff Seibels & Williams

Acquisition Highlights
  • This is BB&T Insurance Services’ 29th transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 29th transaction in the United States.
  • This is BB&T Insurance Services’ 1st transaction in Alabama.

M&A Deal Summary
Date 2003-11-11
Target McGriff Seibels & Williams
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target

McGriff Seibels & Williams

Birmingham, Alabama, United States
website
McGriff, Seibels & Williams specializes in large commercial and energy accounts, and insures numerous Fortune 500 companies.

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Buyer(S) 1

Buyer

BB&T Insurance Services

South Alpharetta, Georgia, United States

website

Category Company
Founded 1922
Sector Insurance
DESCRIPTION

BB&T Insurance Services, a wholly owned subsidiary of Branch Banking and Trust Company, operates 72 agencies in North Carolina, Virginia, Georgia, South Carolina, Maryland, West Virginia, Tennessee, Florida, Kentucky and Alabama.

DEAL STATS #
Overall 29 of 50
Sector (Insurance) 29 of 48
Type (Add-on Acquisition) 29 of 50
State (Alabama) 1 of 1
Country (United States) 29 of 50
Year (2003) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-15 Surety Land Title

Raleigh, North Carolina, United States

Surety Land Title is a title insurance agency. Surety Land Title provides insurance products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-08 Iler Wall & Shonter Insurance

St. Petersburg, Florida, United States

Iler Wall & Shonter Insurance, Inc. is a full-service agency specializing in commercial property and casualty insurance; personal property and liability; employee benefits; and life insurance and financial planning.

Buy -
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