Truist Insurance Holdings to Acquire Kensington Vanguard National Land Services : Truist Financial Corporation

News Mergers & Acquisitions

2022 FEB 21 (NewsRx) — By a News Reporter – Staff News Editor at News Mergers & AcquisitionsTruist Insurance Holdings, Inc.a subsidiary of Truist Financial Corporation and the sixth largest insurance brokerage firm in the weannounced that it has signed a definitive agreement to acquire Kensington Vanguard National Land Services, one of the nation’s largest independent, full-service title insurance agencies.

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.

“Kensington Vanguard has grown significantly over the past 15 years through a successful strategy based on geographic expansion, talent recruitment and acquisitions,” said John HowardCEO of Truist Insurance Fund. “His industry-leading expertise in the commercial and residential titles industries will enable us to provide title and real estate services across the market. The combined business will be one of the largest full-service real estate agencies in the United States.

The transaction is expected to close later in the first quarter. Terms of the sale were not disclosed.
Keywords for this news article include: Business, Investment and Finance, Mergers and Acquisitions, Real Estate, Truist Financial Corporation.

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Gregory M. Roy