GTCR, a leading private equity firm, announces that it has signed a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from WTW PLC (“WTW”, NASDAQ: WTW), a leading global advisory, broking and solutions company. Headquartered in Fort Lee, NJ, TRANZACT provides a full suite of capabilities across marketing and demand generation, sales execution, post-sales engagement and technology solutions. The business currently serves as the platform of choice for several large insurance carrier partners and is the agent of record for over one million active insurance policies across Medicare Advantage, Medicare Supplement and Life & Supplemental insurance markets.
Read the full article: GTCR and Recognize to Acquire TRANZACT //
Source: https://www.prnewswire.com/news-releases/gtcr-and-recognize-to-acquire-tranzact-302264070.html