Stone Point and CD&R Acquire Truist Insurance Holdings (TIH)

Stone Point and Co-Investors Acquire 20% Stake in Truist Insurance Holdings

April 3, 2023

Financial Services

Funds managed by Stone Point Capital, with co-investors including Mubadala Investment Company and other unnamed investors, acquired a 20% minority stake in Truist Insurance Holdings from Truist Financial Corporation for $1.95 billion, implying an aggregate valuation of $14.75 billion. Truist retains an 80% majority stake; the partnership is intended to provide growth capital and industry expertise to support future growth and consolidation of the insurance business.

Clayton, Dubilier & Rice Acquires Focus Financial Partners

February 27, 2023

Wealth Management

Clayton, Dubilier & Rice (CD&R), with continued investment from Stone Point Capital, agreed to acquire Focus Financial Partners in an all-cash transaction valuing the company at an enterprise value in excess of $7 billion. Focus stockholders will receive $53 per share; Stone Point will retain a portion of its investment and provide new equity financing to support Focus as a private company, which the buyers say will provide greater financial and operating flexibility to grow the partner-firm network.

Truist Insurance Holdings Acquires BenefitMall from Carlyle

August 8, 2022

Insurance

Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, signed a definitive agreement to acquire BenefitMall, the nation's largest benefits wholesale general agency, from funds managed by Carlyle. The deal — expected to close in Q3 2022 — will add roughly $150 million of annual revenue to Truist's wholesale division and BenefitMall will be combined into Truist's CRC Group to expand employee benefits capabilities and distribution.

Clayton, Dubilier & Rice Acquires Huntsworth plc

May 1, 2020

Healthcare Services

Clayton, Dubilier & Rice (CD&R) agreed a recommended cash offer and completed the take-private acquisition of Huntsworth plc for approximately £575 million. CD&R said it will invest in Huntsworth’s healthcare-focused commercialization services—including medical affairs, market access and marketing—to support organic and acquisition-led growth under private ownership.

Truist Insurance Holdings Acquires Constellation Affiliated Partners from RedBird Capital Partners

May 24, 2021

Insurance

Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, signed a definitive agreement to acquire Constellation Affiliated Partners from RedBird Capital Partners. The acquisition adds approximately $160 million of annual revenue and seven MGAs/program managers to Truist's wholesale division, enhancing its national programs capabilities.

Truist Insurance Holdings Acquires Kensington Vanguard National Land Services

March 2, 2022

Financial Services

Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, has closed the acquisition of Kensington Vanguard National Land Services, one of the largest independent national title insurance and settlement agencies. The deal consolidates BridgeTrust Title Group under the Kensington Vanguard (KV) brand and establishes a new Insurance Services Division to expand Truist's title insurance, settlement and premium finance capabilities.