Strategy+ is advising global private equity manager Clayton Dubilier & Rice, LLC on the acquisition of the fifth largest insurance brokerage in the United States, Truist Insurance Holdings (“TIH”). The definitive agreement was announced February 20, 2024. The all-cash transaction values TIH at an implied enterprise value of $15.5 billion or approximately 18x TIH’s 2023 core EBITDA.
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