Divestiture • Insurance

Truist Acquires Regions Insurance

On April 6, 2018, Truist acquired insurance company Regions Insurance from Regions Financial

Acquisition Context
  • This is Truist’s 4th transaction in the Insurance sector.
  • This is Truist’s 46th transaction in the United States.
  • This is Truist’s 1st transaction in Arkansas.

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M&A Deal Summary

Date April 6, 2018
Target Regions Insurance
Sector Insurance
Buyer(s) Truist
Sellers(s) Regions Financial
Deal Type Divestiture

Target Company

Regions Insurance

Little Rock, Arkansas, United States
Regions Insurance, Inc. is an insurance brokerage company, provides insurance solutions and risk management services. Regions Insurance was founded in 1928 and is based in Little Rock, Arkansas.
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Buyer Overview 1

Buyer

Truist

Charlotte, North Carolina, United States

Category Company
Founded 1872
Sector Financial Services
Employees36,769
Revenue 13.3B USD (2024)
DESCRIPTION
BB&T's corporate headquarters in Winston-Salem, North Carolina.
BB&T's corporate headquarters in Winston-Salem, North Carolina.

Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 46 of 50
Sector: Insurance 4 of 4
Type: Divestiture 2 of 3
State: Arkansas 1 of 1
Country: United States 46 of 50
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Swett & Crawford Group

Atlanta, Georgia, United States

Swett & Crawford Group, Inc. is a wholesale insurance brokerage firm.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Enigma Technologies

New York, New York, United States

Enigma Technologies, Inc. is a Data-as-a-Service company, transforms disparate, tabular data into rich representations of real-world relationships, providing a trusted source of intelligence about people, places and companies. Enigma Technologies, Inc. was founded in 2011 and is based in New York city.

Buy -

Seller Profile 1

SELLER

Regions Financial

Birmingham, Alabama, United States

Category Company
Founded 1971
Sector Financial Services
Employees19,644
Revenue 7.1B USD (2024)
DESCRIPTION
Regions' headquarters in downtown Birmingham, Alabama.
Regions' headquarters in downtown Birmingham, Alabama.

Regions Financial is a full-service provider of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,700 banking offices and 2,000 ATMs. Regions Financial was founded in 1971 and is based in Birmingham, Alabama.


Deal Context for Seller #
Overall 2 of 2
Sector: Insurance 1 of 1
Type: Divestiture 2 of 2
State: Arkansas 1 of 1
Country: United States 2 of 2
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-04 AmSouth Bancorporation

Birmingham, Alabama, United States

AmSouth Bancorporation, a financial service company.

Buy $9.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Highland Associates

Birmingham, Alabama, United States

Highland Associates, Inc. is an institutional investment firm that provides objective, research-driven investment counsel to not-for-profit healthcare entities and mission-based organizations. Highland Associates is led by credentialed advisors with a deep understanding of the industry. With $26 billion in client assets, the firm serves clients from offices in Birmingham, Alabama, and St. Louis.

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