WTW announces acquisition of CFS International

WTW (WTW) announced the acquisition of CFS International Inc. into Willis, a WTW business. “This targeted acquisition represents continued investment in the growing trade credit business, while concurrently expanding geographic coverage and presence on the U.S. West Coast,” the company stated. Scott Burnett, Head of Corporate Mergers & Acquisitions for WTW’s Risk & Broking business, said, “The acquisition of CFS is our second in as many months. The first, Global Commercial Credit, expanded our trade credit footprint in the Midwest, while CFS enhances our coverage and service for clients and prospects on the West Coast. CFS aligns with our focus on specialized industries, expanding our resources and services nationwide. This deal strengthens our position as a leading trade credit provider and demonstrates WTW’s strategic investments to optimize our global portfolio and pursue high-growth broking businesses.”