M&A Deal Summary |
|
---|---|
Date | 2016-02-24 |
Target | Swett & Crawford Group |
Sector | Insurance |
Buyer(s) | Truist |
Sellers(s) | Ed Broking |
Deal Type | Divestiture |
Deal Value | 500M USD |
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Category | Company |
---|---|
Founded | 1872 |
Sector | Financial Services |
Employees | 49,218 |
Revenue | 23.4B USD (2023) |
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 STATS | # |
---|---|
Overall | 45 of 50 |
Sector (Insurance) | 3 of 4 |
Type (Divestiture) | 1 of 3 |
State (Georgia) | 9 of 10 |
Country (United States) | 45 of 50 |
Year (2016) | 1 of 1 |
Size (of disclosed) | 13 of 34 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2015-08-17 |
National Penn Bancshares
Allentown, Pennsylvania, United States National Penn Bancshares, Inc. is a bank holding company. National Penn has 124 community banking offices provides financial services. |
Buy | $1.8B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-04-06 |
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. |
Buy | - |
Ed Broking is an independent, global wholesale insurance and reinsurance broker with offices in the world’s key insurance hubs. It matches risks brought to us by expert retail brokers and those seeking reinsurance coverage with underwriters in these major markets. Ed Broking was founded in and is based in London, England.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Insurance) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Georgia) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2016) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2013-09-23 |
Newman Martin and Buchan
London, United Kingdom Newman Martin and Buchan LLP, specialist energy practice for global clients seeking access to all the key international markets. |
Buy | - |