The Carlyle Group in its sale of BenefitMall to Truist

On August 8, 2022, Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation, announced that it has signed a definitive agreement to acquire BenefitMall, the nation’s largest benefits wholesale general agency, from funds managed by global investment firm Carlyle.

Wachtell, Lipton, Rosen & Katz served as legal advisor to Carlyle.