Stone Point and CD&R strike $15.5bn deal to acquire Truist
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Stone Point and CD&R strike $15.5bn deal to acquire Truist

The enterprise value is around 18x Truist Insurance’s 2023 core Ebitda.

By Rachel Dalton
February 20, 2024
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Truist logo financials.jpg

Stone Point and Clayton Dubilier & Rice (CD&R) have struck a deal to acquire Truist Financial’s remaining 80% stake in Truist Insurance, in a deal that values the broker at $15.5bn.

The

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