BB&T Insurance Services continues to expand its California operations with the acquisition of Precept Group, an employee benefits consulting and administrative solutions firm.
With Precept offices in Irvine, Calif., and San Ramon, Calif., this acquisition adds 140 employees to BB&T Insurance Services. The new agency, which operates under the Precept Group name, will continue to manage Precept Consulting Services and ProView Benefits Administration Services. The transaction closed November 1. Terms were not disclosed.
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