M&A Deal Summary

BB&T Insurance Services Acquires Langan Insurance Benefits & Financial Services

On November 26, 2004, BB&T Insurance Services acquired insurance company Langan Insurance Benefits & Financial Services

Acquisition Highlights
  • This is BB&T Insurance Services’ 32nd transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 32nd transaction in the United States.
  • This is BB&T Insurance Services’ 4th transaction in Kentucky.

M&A Deal Summary

Date 2004-11-26
Target Langan Insurance Benefits & Financial Services
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target

Langan Insurance Benefits & Financial Services

Louisville, Kentucky, United States
Langan Insurance Benefits & Financial Services is an 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 32 of 50
Sector: Insurance M&A 32 of 48
Type: Add-on Acquisition M&A Deals 32 of 50
State: Kentucky M&A 4 of 4
Country: United States M&A 32 of 50
Year: 2004 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-13 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Ronald Luke & Associates

Austin, Texas, United States

Ronald Luke & Associates, Inc. is a provider of marketing research and public opinion polling services.

Buy -