GTCR and Recognize to acquire TRANZACT from WTW for $632m.

GTCR, a private equity firm, and Recognize, a technology investment platform, agreed to acquire TRANZACT, a direct-to-consumer insurance services company, from WTW, a global advisory, broking and solutions company, for $632m. "We are excited to partner with Recognize, Andy and the talented team at TRANZACT and continue to build on their innovative platform. We have known Andy for many years and have always admired TRANZACT and their truly unique, data-driven marketing model for the insurance industry. Over the years, TRANZACT has developed deep, trusted partnerships with some of the industry's most recognized insurers and, along with its strong brand, has positioned itself well to continue to gain share as we look to expand and enhance its offering. Importantly, they have also established a reputation for exceptional service and quality to the end consumers," David Donnini, GTCR Managing Director and Head of Business & Consumer Services.