M&A Deal Summary

BB&T Insurance Services Acquires Poindexter & Associates

On August 16, 2000, BB&T Insurance Services acquired insurance company Poindexter & Associates

Acquisition Highlights
  • This is BB&T Insurance Services’ 12th transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 12th transaction in the United States.
  • This is BB&T Insurance Services’ 5th transaction in Virginia.

M&A Deal Summary

Date 2000-08-16
Target Poindexter & Associates
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target

Poindexter & Associates

Martinsville, Virginia, United States
Poindexter & Associates, Inc. is a health insurance and employee benefits 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 12 of 50
Sector: Insurance M&A 12 of 48
Type: Add-on Acquisition M&A Deals 12 of 50
State: Virginia M&A 5 of 8
Country: United States M&A 12 of 50
Year: 2000 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-14 Chaney Thomas Stephenson & Hill

Roanoke, Virginia, United States

Chaney, Thomas, Stephenson & Hill, Inc. is a provider of full range of various insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-16 Thornton & Harwell Agency

Brentwood, Tennessee, United States

Thornton & Harwell Agency, Inc. is a provider of various insurance services.

Buy -