M&A TRANSACTION · 2023
Truist Insurance Holdings (Minority Stake) acquired by Stone Point Capital (minority stake)
$1.95B· 4.42x revenue
Target
Truist Insurance Holdings (Minority Stake)
Charlotte, NC
Initial minority stake sale by Truist Financial in its insurance brokerage subsidiary
Acquirer
Stone Point Capital (minority stake)
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
$3340.0M
EBITDA
—
Deal Value
$1.95B
EV/EBITDA
—
Context
This $1.95B acquisition of Truist Insurance Holdings (Minority Stake) by Stone Point Capital (minority stake) sits in the insurance agency sub-vertical. Stone Point Capital (minority stake) is acquiring as a private equity buyer; see how PE acquirers typically price insurance agency businesses on our Insurance Agency PE buyer-pool page.
Source
Data sourced from Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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