M&A Deal Summary

BB&T Insurance Services Acquires Employee Benefit Services of Kentucky

On May 13, 2004, BB&T Insurance Services acquired insurance company Employee Benefit Services of Kentucky

Acquisition Highlights
  • This is BB&T Insurance Services’ 31st transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 31st transaction in the United States.
  • This is BB&T Insurance Services’ 3rd transaction in Kentucky.

M&A Deal Summary

Date 2004-05-13
Target Employee Benefit Services of Kentucky
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target

Employee Benefit Services of Kentucky

Lexington, Kentucky, United States
Employee Benefit Services of Kentucky is a provider of life, health, dental, vision and disability income insurance as part of employee benefit plans.

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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 31 of 50
Sector: Insurance M&A 31 of 48
Type: Add-on Acquisition M&A Deals 31 of 50
State: Kentucky M&A 3 of 4
Country: United States M&A 31 of 50
Year: 2004 M&A 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-26 Langan Insurance Benefits & Financial Services

Louisville, Kentucky, United States

Langan Insurance Benefits & Financial Services is an insurance agency.

Buy -