US-based Truist to sell insurance brokerage unit to PE firms in $15.5b deal

US-based Truist to sell insurance brokerage unit to PE firms in $15.5b deal

Dollar photo by Pixabay

Truist Financial said on Tuesday it has agreed to sell its insurance brokerage business to an investor group led by private equity firms Stone Point and CD&R, in a deal valued at $15.5 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter