The wholesale unit of outsource solutions firm BISYS will besold to Dallas-based wholesale broker Crump Group Inc. for $800million, it was announced today.

A description of the deal was released by New York-based Citi,which is acquiring Roseland, N.J.-based BISYS for $1.47 billion andwill sell the wholesale unit when the purchase is completed.

BISYS' wholesale arm will go to J.C. Flowers, the private equityfirm which purchased Crump in 2005 from Marsh brokerage.

According BISYS, the wholesale business, which includes lifeinsurance and commercial property-casualty products, will be soldto Flowers by Citi after it makes the acquisition of BISYS. Thesale to Flowers also includes BISYS' retirement services. BISYSsaid the insurance services will become part of Crump.

Citi said the sale of the BISYS units to Flowers would amount toapproximately $800 million.

The deal is expected to close in the second half of this yearand is subject to BISYS shareholder approval and regulatoryapprovals in the United States, Ireland and Bermuda.

A representative from Crump said the firm does not have acomment at this time.