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  6. BB&T Insurance Services Acquires Woodbury & Co.

M&A Deal Summary

BB&T Insurance Services Acquires Woodbury & Co.

On March 27, 2014, BB&T Insurance Services acquired insurance company Woodbury & Co.

Acquisition Highlights
  • This is BB&T Insurance Services’ 48th transaction in the Insurance sector.
  • This is BB&T Insurance Services’ 50th transaction in the United States.
  • This is BB&T Insurance Services’ 6th transaction in North Carolina.

M&A Deal Summary
Date 2014-03-27
Target Woodbury & Co.
Sector Insurance
Buyer(s) BB&T Insurance Services
Deal Type Add-on Acquisition

Target

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.

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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 50 of 50
Sector: Insurance M&A 48 of 48
Type: Add-on Acquisition M&A Deals 50 of 50
State: North Carolina M&A 6 of 6
Country: United States M&A 50 of 50
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-03 Precept Group

Irvine, California, United States

Precept Group is a full-service employee benefits consulting and administrative solutions firm.

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