WTW (WTW) to Sell TRANZACT for $632.4M
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WTW Announces Agreement to Sell TRANZACT
October 1, 2024 9:00 AM EDTDivestiture sharpens strategic focus, simplifies portfolio and expects to accelerate free cash flow margin expansion Transaction expected to be completed by the end of 2024
LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW) (the Company), a leading global advisory, broking and solutions company, announced today that it has entered into a definitive agreement to sell its TRANZACT direct-to-consumer insurance distribution business to GTCR, a leading private equity firm, and Recognize, a technology services investment platform, for $632.4 million, subject to certain adjustments.
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