Truist Selling Insurance Brokerage At $15.5B Value
Law 360 M&A
FEBRUARY 20, 2024
said Tuesday it has agreed to sell its remaining stake in subsidiary Truist Insurance Holdings to an investor group led by private equity firms Stone Point Capital and Clayton Dubilier & Rice, in an all-cash transaction that gives the insurance brokerage an enterprise value of $15.5 Truist Financial Corp.
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