Willis Towers Watson (WTW) PT Raised to $345 at Roth/MKM

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GTCR and Recognize to Acquire TRANZACT

October 1, 2024 9:30 AM EDT

Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team, including Current President Andy Nelson

CHICAGO, Oct. 1, 2024 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from WTW PLC ("WTW", NASDAQ:... More

WTW Announces Agreement to Sell TRANZACT

October 1, 2024 9:00 AM EDT

Divestiture 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.

This... More