Truist - Ownership and Business Overview

Business ServicesCompany

Truist Ownership

Who owns Truist?

.

Was Truist formerly PE-backed?

Yes. Truist was formerly owned by 2 private investors.

Truist Business Overview

Where is Truist headquartered?

Truist is headquartered in Washington, District of Columbia.

What sector is Truist in?

Truist is a business services company.

When was Truist founded?

Truist was founded in 2008.

Business Services M&A Summary in

Out of 60 sectors in the Mergr database, business services ranked 1 in number of deals in .

Join Mergr to view all 1 acquisitions of business services companies in , including 1 by strategics.

Truist, Inc.

2201 Wisconsin Avenue NW, Suite 250,
Washington, District of Columbia 20007
United States,
www.truist.com

Truist connects donors and volunteers with worthy causes around the world. Our mission is to reach more contributors - more effectively and with the utmost cost efficiency - by leveraging our people, our comprehensive service suite, and our technology.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # - - - - - - 0
Sell (0.4/yr) # - - 1 - - 1 2
vol $15.5B $15.5B
  2

Most Recent M&A

Company Date Value Type
TIH Insurance Holdings LLC 2024-02-20 15.5B USD Divestiture
Charlotte, North Carolina · www.tihinsurance.com
Truist Retirement Recordkeeping Business 2021-01-06 - Divestiture
Charlotte, North Carolina
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services - - 1 (50%) -
Insurance - - 1 (50%) 15.5B (100%)
Total - - 2 $15.5B

By Geo

State/Country Buy Value Sell Value
United States - - 2 15.5B
  North Carolina - - 2 15.5B
Total - - 2 $15.5B

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Goldman Sachs
1
Legal Deals
Davis Polk & Wardwell
1

Deal Values

sell # Total
> $1B 1 $15.5B
TOTAL $15.5B
Largest TIH Insurance Holdings LLC
$15.5B (2024-02-20)

M&A Connections

Deals
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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