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Trucordia completes acquisition of The DeLuca Agency and Denver Insurance Brokerage to expand insurance business

Nov 20, 2024about 1 year ago

Acquiring Company

Trucordia

Acquired Company

The DeLuca Agency and Denver Insurance Brokerage

LindonDraperEmployee BenefitsInsurance

Description

Trucordia, a notable leader in the insurance brokerage space, has acquired the insurance business of The DeLuca Agency and Denver Insurance Brokerage. This acquisition aligns with Trucordia's strategy to attract businesses with high growth potential in target industries and markets, enhancing its offerings to clients and expanding its capacity. The DeLuca Agency and Denver Insurance Brokerage have been providing exceptional quality insurance solutions and services to businesses and individuals for over 25 years, and this acquisition is a part of Trucordia's goal to build the next great insurance brokerage by uniting more than 5,000 professionals coast to coast to deliver extraordinary opportunities and exceptional experiences for their clients, team members, and partners.

Company Information

Company

Trucordia

Location

Lindon, Utah, United States

About

Trucordia, formerly PCF Insurance Services, is the group name for a top 20 U.S. insurance brokerage headquartered in Lindon, Utah. The Trucordia group of companies offers a broad array of commercial and personal lines, life and health, and employee benefits insurance solutions. Trucordia is an integrated organization united by a passion to deliver extraordinary opportunities and exceptional experiences for its clients, partners and each other. With more than 5,000 team members across the U.S., Trucordia is a notable leader in the insurance brokerage space, ranking #19 on Business Insurance's 2024 Top 100 Brokers and #13 on Insurance Journal's 2024 Top Property/Casualty Agencies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed