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New Deal


Announced

Completed

Truist Financial completed the acquisition of Kensington Vanguard National Land Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Insurance Brokers

title insurance agency

Single Bidder

Completed

Acquisition

United States

Domestic

Friendly

Private

Majority

Synopsis

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Truist Financial, the sixth-largest insurance brokerage in the US, completed the acquisition of Kensington Vanguard National Land Services, one of the country's largest independent full-service national title insurance agencies. Financial terms were not disclosed. The transaction significantly expands Truist Insurance Holdings' presence in the title insurance market. Truist's existing title operation, BridgeTrust Title, will be integrated into the Kensington Vanguard platform.

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