M&A Deal Summary

BB&T Insurance Services Acquires Cromwell Insurance Agency

On April 3, 2003, BB&T Insurance Services acquired insurance company Cromwell Insurance Agency

Acquisition Highlights
  • This is BB&T Insurance Services’ 26th transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 26th transaction in the United States.
  • This is BB&T Insurance Services’ 2nd transaction in Kentucky.

M&A Deal Summary
Date 2003-04-03
Target Cromwell Insurance Agency
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target

Cromwell Insurance Agency

Lexington, Kentucky, United States
Cromwell Insurance Agency is a stock insurance agency.

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Buyer(S) 1

Buyer

BB&T Insurance Services

South Alpharetta, Georgia, United States
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 26 of 50
Sector (Insurance) 26 of 48
Type (Add-on Acquisition) 26 of 50
State (Kentucky) 2 of 4
Country (United States) 26 of 50
Year (2003) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-03 Old Colony Insurance Services

Louisville, Kentucky, United States

Old Colony Insurance Services, Inc. is a provider of full array of insurance products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 Cooper Love & Jackson

Nashville, Tennessee, United States

Cooper, Love & Jackson is a specializes in commercial risk, employee benefits and personal lines.

Buy -
Mergr

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