GTCR and Recognize Acquire TRANZACT from WTW
October 1, 2024
GTCR, alongside Recognize, has signed a definitive agreement to acquire TRANZACT in a corporate carve-out from WTW PLC for $632.4 million. TRANZACT — a Fort Lee, New Jersey–based direct-to-consumer insurance services and customer-acquisition platform — will operate as an independent company led by Andy Nelson and will receive capital to expand and enhance its marketing, sales and technology capabilities for insurance carriers.
- Buyers
- GTCR, Recognize
- Targets
- TRANZACT
- Sellers
- WTW PLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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