WTW Expands Trade Credit Presence with CFS Acquisition
Deal News | May 02, 2025 | EIN
WTW, a global advisory, broking, and solutions company, has expanded its US West Coast presence by acquiring CFS International Inc. (CFS), a brokerage specializing in trade credit insurance. Founded in 1990, CFS has built a reputation for delivering tailored trade credit and finance solutions to international businesses. This strategic acquisition aligns with WTW's focus on specialized markets and enhances its service capabilities in the region. Scott Burnett, Head of Corporate Mergers & Acquisitions for WTW's Risk & Broking business, highlighted the importance of the transaction, noting that it follows the recent acquisition of Global Commercial Credit, which strengthened WTW's Midwest operations. This move is part of WTW's broader strategy to optimize its global portfolio and drive growth in the broking sector. Ralph Clumeck, President of CFS, expressed confidence that the acquisition would benefit clients by offering them greater market access and services. Bridget Clumeck will lead the transition, ensuring continuity of service for existing clients.
Sectors
- Insurance
- Financial Services
- Mergers and Acquisitions
Geography
- United States – The acquisition pertains to US companies, specifically involving expansion on the US West Coast and Midwest.
Industry
- Insurance – The article concerns WTW's expansion in the trade credit insurance sector through the acquisition of CFS.
- Financial Services – WTW operates in the financial advisory and broking areas, offering solutions like trade credit insurance and financial risk management.
- Mergers and Acquisitions – The article is centered around WTW acquiring CFS, indicating activity in the mergers and acquisitions sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WTW (Willis Towers Watson) | Acquirer | Company | A global advisory, broking, and solutions company, expanding its geographic reach through acquisition. |
| CFS International Inc. | Target | Company | A trade credit insurance company based on the US West Coast, providing customized financial solutions to global firms. |
| Scott Burnett | Head of Corporate Mergers & Acquisitions for WTW's Risk & Broking | Person | Involved in WTW's acquisition strategy delivering growth and strategic investments in the trade credit sector. |
| Ralph Clumeck | President of CFS | Person | Former leader of CFS, overseeing the transition to WTW. |
| Bridget Clumeck | Leader of CFS post-acquisition | Person | Responsible for ensuring continuity of service and client relations during the transition. |