Add-on Acquisition • Insurance

BB&T Insurance Services Acquires Unionbanc Insurance Services

On April 23, 2008, BB&T Insurance Services acquired insurance company Unionbanc Insurance Services

Acquisition Context
  • This is BB&T Insurance Services’ 41st transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 43rd transaction in the United States.
  • This is BB&T Insurance Services’ 2nd transaction in California.

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M&A Deal Summary

Date April 23, 2008
Target Unionbanc Insurance Services
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target Company

Unionbanc Insurance Services

Fullerton, California, United States
Unionbanc Insurance Services, Inc. is a provider of full range of insurance brokerage services.
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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 43 of 50
Sector: Insurance 41 of 48
Type: Add-on Acquisition 43 of 50
State: California 2 of 4
Country: United States 43 of 50
Year: 2008 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-28 Burkey Risk Services

Maitland, Florida, United States

Burkey Risk Services, Inc. is a provider of risk management and employee benefits services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-30 Puckett Scheetz & Hogan Insurance Agency

Myrtle Beach, South Carolina, United States

Puckett, Scheetz & Hogan Insurance Agency, Inc. is a coastal property insurance specialist, provides a full range of risk management services.

Buy -