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

2022 FEB 21 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation and the sixth-largest insurance brokerage in the U.S., announced that it has signed a definitive agreement to acquire Kensington Vanguard National Land Services, one of the country’s largest independent full-service national 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 considerably over the past 15 years through a successful strategy built around geographic expansion, talent recruitment, and acquisitions,” said John Howard, chairman and chief executive officer of Truist Insurance Holdings. “Its industry-leading expertise in both the commercial and residential title sectors will enable us to offer title and real estate services across the full market spectrum. The combined business will be one of the largest full-service real estate service agencies in the U.S.”

The transaction is expected to close later in the first quarter. The 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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