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Announced

Truist to acquire BenefitMall from Carlyle.

Synopsis

Truist, an American bank holding company headquartered in Charlotte, agreed to acquire BenefitMall, the nation's largest benefits wholesale general agency, from The Carlyle Group, an American multinational private equity, alternative asset management and financial services corporation. Financial terms were not disclosed. "As Truist Insurance Holdings celebrates its centennial year, investing in our insurance capabilities and offerings continues to be a top priority. This acquisition of BenefitMall enables us to further diversify the solutions we offer to our clients and create an enhanced client experience, which is at the core of our purpose to inspire and build better lives and communities," Bill Rogers, Truist Chairman and CEO.

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