WTW Accelerates Growth with Global Commercial Credit Acquisition
Deal News | Apr 01, 2025 | Globenewswire
WTW, a global leader in advisory, broking, and solutions, has announced the acquisition of Michigan-based Global Commercial Credit, LLC (GCC), integrating it into Willis, a unit of WTW. Founded in 1995, GCC specializes in bespoke credit risk management solutions, including trade credit and political risk insurance. This acquisition broadens WTW's focus on specialized businesses and aligns with their industry-structured growth strategy. The deal enhances WTW's diversification across industries and expands its North American footprint, significantly boosting its trade credit insurance capabilities. It also includes the acquisition of ProfitGuard, a complementary credit risk management service. WTW's M&A leader Scott Burnett highlighted the acquisition's role in optimizing their portfolio and increasing their specialization in selected industries. With GCC's expertise and strategic fit, the acquisition is expected to accelerate WTW's growth in credit and political risks while strengthening their client base and sales reach in North America. GCC President Victor Sandy expressed excitement about the collaboration, emphasizing the importance of effective credit risk management in today's volatile world.
Sectors
- Insurance
- Financial Services
Geography
- North America – The acquisition provides WTW with geographic expansion in the North American market, a key area for growth.
- United States – Global Commercial Credit is based in Michigan, USA, making it the specific geographical focus of this transaction.
Industry
- Insurance – Global Commercial Credit specializes in trade credit and political risk insurance, critical areas that complement WTW's offerings in this sector.
- Financial Services – WTW's acquisition of GCC enhances its credit risk management capabilities, which are an integral part of the financial services industry.
Financials
- Not specified – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WTW | Acquiring Company | Company | A global advisory, broking, and solutions company. |
| Global Commercial Credit, LLC | Target Company | Company | A Michigan-based company specializing in credit risk management solutions. |
| ProfitGuard | Part of Acquisition | Company | A specialized credit risk management service acquired as part of the WTW-GCC deal. |
| Scott Burnett | Head of Corporate Mergers & Acquisitions, WTW | Person | Commented on the strategic importance of the acquisition. |
| Evan Freely | Global Head of Financial Solutions, WTW | Person | Highlighted the alignment of GCC's strategy with WTW's business plan. |
| Victor Sandy | President and CEO, GCC | Person | Expressed excitement about joining WTW and expanding their market reach. |