Add-on Acquisition • Insurance

BB&T Insurance Services Acquires McGriff Seibels & Williams

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

McGriff Seibels & Williams

Birmingham, Alabama, United States
McGriff, Seibels & Williams specializes in large commercial and energy accounts, and insures numerous Fortune 500 companies.
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Buyer Overview 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 Context for Buyer #
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 -