M&A Deal Summary

Emerson Reid Acquires CBDI

On January 6, 2016, Emerson Reid acquired insurance company CBDI

Acquisition Highlights
  • This is Emerson Reid’s 1st transaction in the Insurance sector.
  • This is Emerson Reid’s 1st transaction in the United States.
  • This is Emerson Reid’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2016-01-06
Target CBDI
Sector Insurance
Buyer(s) Emerson Reid
Deal Type Add-on Acquisition

Target

CBDI

Marlton, New Jersey, United States
CBDI is a forward thinking benefits agency that assists brokers and customers in the development, implementation, and communication of medical, dental, life, disability, and other employee benefit plans. CBDI structures and implements unique, competitive and cost-effective benefit programs with the paramount goal of providing our clients extraordinary service, technical expertise and creative solutions

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Buyer(S) 1

Buyer

Emerson Reid

New York, New York, United States

Category Company
Founded 1974
Sector Insurance
Employees250
DESCRIPTION

Emerson Reid LLC is a true wholesale general agent that has grown to over 250+ employees in eight offices. The company manages over $3 billion in insured premium and more than 400,000 medical lives on behalf of our broker-partners. Its strategy is to differentiate brokers from their competition through the introduction of new and innovative programs while providing the tools, knowledge, and support necessary to expand and protect their business.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1