WTW (a leading global advisory, broking, and solutions company) announced the acquisition of Global Commercial Credit (GCC) into Willis. This strategic deal will advance performance by expanding into specialized businesses that align with the company’s technical, industry-structured, and expertise-driven growth plan.
Founded in Michigan in 1995 with a primary focus on developing custom-tailored credit risk management solutions for clients, GCC developed a strong foundation in specialized products including trade credit and political risk insurance, as well as credit information services. And the addition of GCC will enhance Willis’ diversification across industries, further expanding the business’ footprint across targeted, strategic sectors. This acquisition provides geographic expansion in a key North American market growth area.
WTW will also buy ProfitGuard, a specialized credit risk management service that complements trade credit insurance and can be scaled to provide added value for Willis’ global clients.
KEY QUOTES:
“This acquisition is one of the ways WTW is investing strategically to optimize our portfolio and pursue scaled and high-growth broking businesses, accelerating our specialization strategy in selected industries, and expanding our capabilities and reach across the insurance value chain. The acquisition of GCC significantly enhances our scale and growth potential for our credit and political risk business in North America. It also diversifies our client base across industries, strengthens our sales capabilities nationwide and opens opportunities to introduce complementary products to WTW’s global clients. With this deal, Willis will become one of North America’s leading trade credit insurance specialists, with deep financial institution and industry expertise.”
- Scott Burnett, Head of Corporate Mergers & Acquisitions for WTW’s Risk & Broking business
“GCC is a highly specialized business with a strong trade credit market penetration throughout the nation. With technical expertise and industry-specific knowledge as the footing for the company’s specialized credit products, GCC’s business strategy aligns perfectly with WTW’s own business plan. This is a very exciting development that will help us accelerate our growth and enhance our footprint in strategic industry sectors. I am delighted to welcome Victor and the GCC team to WTW, and I look forward to the positive impact their expertise will bring to the business.”
- Evan Freely, WTW’s Global Head of Financial Solutions
“I am excited about the opportunity to align with WTW and bring our time-tested, integrated credit risk management solutions to a broader market. Effective credit risk management is essential for the success of every company. In an increasingly volatile world, more companies are recognizing the value of timely and reliable credit information and the ability to hedge open credit exposure. WTW and GCC are uniquely positioned to deliver custom-tailored solutions to the US marketplace. We look forward to significant growth.”
- Victor Sandy, President and CEO of GCC
