M&A Deal Summary

Truist Acquires CRC Insurance Services

On November 2, 2001, Truist acquired insurance company CRC Insurance Services

Acquisition Highlights
  • This is Truist’s 1st transaction in the Insurance sector.
  • This is Truist’s 26th transaction in the United States.
  • This is Truist’s 1st transaction in Alabama.

M&A Deal Summary

Date 2001-11-02
Target CRC Insurance Services
Sector Insurance
Buyer(s) Truist
Deal Type Add-on Acquisition

Target

CRC Insurance Services

Birmingham, Alabama, United States
website
CRC Insurance Services, Inc. is a wholesale services insurance broker.

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Buyer(S) 1

Buyer

Truist

Charlotte, North Carolina, United States

website


Category Company
Founded 1872
Sector Financial Services
Employees53,207
Revenue 22.7B USD (2020)
DESCRIPTION
BB&T's corporate headquarters in Winston-Salem, North Carolina.
BB&T's corporate headquarters in Winston-Salem, North Carolina.

Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 26 of 50
Sector (Insurance) 1 of 4
Type (Add-on Acquisition) 26 of 45
State (Alabama) 1 of 1
Country (United States) 26 of 50
Year (2001) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-09 Horizon Mortgage & Investment

Atlanta, Georgia, United States

Horizon Mortgage & Investment Co. is a loan servicing company. Horizon a commercial mortgage banking firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-09 The Southeastern Trust

Greenville, South Carolina, United States

The Southeastern Trust Co. is a financial services company.

Buy -