WTW Acquires CFS International to Strengthen Trade Credit Foothold on U.S. West Coast

Deal News | May 01, 2025 | Globenewswire

WTW Acquires CFS International to Strengthen Trade Credit Foothold on U.S. West Coast

WTW, a globally recognized advisory, broking, and solutions leader, has announced the acquisition of CFS International, a prominent U.S. West Coast trade credit insurance provider. This acquisition is part of WTW's ongoing strategy to bolster its trade credit operations and broaden its geographical reach. CFS International has built a robust reputation by delivering effective trade credit and finance solutions since its founding in 1990. With this acquisition, WTW solidifies its presence in notable U.S. regions, having recently expanded in the Midwest with the acquisition of Global Commercial Credit. Ralph Clumeck, President of CFS, praised the partnership, emphasizing the new opportunities it affords CFS clients through WTW's extensive market access and service options. Scott Burnett from WTW underscores the acquisition's alignment with the company's strategic objectives of enhancing specialization and expanding broking resources. The leadership transition will see Bridget Clumeck taking charge, while Todd Lynady from Willis Financial Solutions highlights North America's trade credit platform growth as a key objective moving forward.

Sectors

  • Insurance
  • Brokerage
  • Financial Services

Geography

  • United States – The acquisition involves a U.S.-based company and expands WTW's operations in key U.S. regions like the West Coast.
  • North America – WTW's strategic goal is to build a leading trade credit platform across North America, including both the U.S. and Canada.

Industry

  • Insurance – The acquisition of CFS International by WTW is directly related to the insurance sector, specifically trade credit insurance.
  • Brokerage – WTW operates in the broking sector, and the acquisition reflects its strategy to enhance broking capabilities.
  • Financial Services – Both WTW and CFS International are involved in financial services, providing trade finance and credit solutions.

Financials

  • Not disclosed – The financial terms of the acquisition were not disclosed in the announcement.

Participants

NameRoleTypeDescription
WTWBuyerCompanyWTW is a leading global advisory, broking, and solutions company that has acquired CFS International.
CFS International Inc.Target companyCompanyCFS International is a U.S.-based trade credit insurance firm specializing in providing coverage solutions to global enterprises.
Scott BurnettHead of Corporate Mergers & Acquisitions for WTWs Risk & Broking businessPersonScott Burnett is responsible for leading the corporate mergers and acquisitions at WTW's Risk & Broking division.
Ralph ClumeckPresident of CFS InternationalPersonRalph Clumeck is the outgoing president of CFS International, overseeing the firm's transition under WTW ownership.
Bridget ClumeckNew Leader at CFS under WTWPersonBridget Clumeck steps in to lead CFS International following the acquisition by WTW.
Todd LynadyRegional Head of Willis Financial SolutionsPersonTodd Lynady is the regional head responsible for integrating CFS into WTW's broader strategy in trade credit solutions.