M&A Deal Summary

BB&T Insurance Services Acquires Reese Insurance Associates

On May 30, 2007, BB&T Insurance Services acquired insurance company Reese Insurance Associates

Acquisition Highlights
  • This is BB&T Insurance Services’ 35th transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 36th transaction in the United States.
  • This is BB&T Insurance Services’ 9th transaction in Georgia.

M&A Deal Summary

Date 2007-05-30
Target Reese Insurance Associates
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target

Reese Insurance Associates

Riverdale, Georgia, United States
Reese Insurance Associates, Inc. is a provider of both commercial and personal property and casualty coverage as well as group benefits insurance.

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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 36 of 50
Sector (Insurance) 35 of 48
Type (Add-on Acquisition) 36 of 50
State (Georgia) 9 of 12
Country (United States) 36 of 50
Year (2007) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Wyman Green & Blalock

Bradenton, Florida, United States

Wyman Green & Blalock, Inc. is an independent insurance agency. It specializes in personal and commercial property insurance, liability risk management and employee benefits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-27 Carswell Insurance Services

Hilton Head Island, South Carolina, United States

Carswell Insurance Services, Inc. is a provider of commercial and personal property and casualty coverage as well as group benefits insurance to this rapidly growing coastal area.

Buy -