Add-on Acquisition • Insurance

BB&T Insurance Services Acquires Precept Group

On November 3, 2011, BB&T Insurance Services acquired insurance company Precept Group

Acquisition Context
  • This is BB&T Insurance Services’ 47th transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 49th transaction in the United States.
  • This is BB&T Insurance Services’ 4th transaction in California.

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M&A Deal Summary

Date November 3, 2011
Target Precept Group
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target Company

Precept Group

Irvine, California, United States
Precept Group is a full-service employee benefits consulting and administrative solutions firm.
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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 49 of 50
Sector: Insurance 47 of 48
Type: Add-on Acquisition 49 of 50
State: California 4 of 4
Country: United States 49 of 50
Year: 2011 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-27 Atlantic Risk Management

Columbia, Maryland, United States

Atlantic Risk Management Corp. is a commercial property and casualty and employee benefits broker.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-27 Woodbury & Co.

Wilmington, North Carolina, United States

Woodbury & Co. is a provider of commercial property and casualty; employee benefits; individual life and health; personal lines; and professional liability protection to businesses and individuals throughout the Carolinas.

Buy -