TIH working on $7bn+ McGriff divestiture to strategics
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TIH working on $7bn+ McGriff divestiture to strategics

Sources said that the business will be marketed off adjusted Ebitda of ~$500mn, including a title broking asset.

By Catrin Shi Adam McNestrie Jairo Ibarra Samuel Casey
September 03, 2024
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Reciprocal, minority investment, majority investment, valuation, investments, private equity, capital raise, strategic option

Private equity-backed TIH has launched a sales process to offload its retail broking arm McGriff as the distributor seeks to go wholesale-only, Insurance Insider US can reveal.

Sources

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NewsM&ABrokersTruistMcGriff
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