Announced
Completed
Financials
Tags
United States
Acquisition
insurance brokerage services
Insurance Brokers
health insurance
Private
Private Equity
Friendly
Majority
Completed
Single Bidder
Synopsis
Willis Towers Watson, a global advisory, broking and solutions company, completed the acquisition of TRANZACT, a direct-to-consumer health care organization that links individuals to US insurance carriers, from private equity firm Clayton, Dubilier & Rice, for $1.2bn. "We are delighted to announce the acquisition of TRANZACT which represents a significant growth opportunity in the direct-to-consumer US health care space and speaks to Willis Towers Watson’s renewed focus on strategic M&A opportunities. This deal will accelerate our direct-to-consumer strategy and help create an end-to-end consumer acquisition platform," John Haley, Willis Towers Watson CEO.
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