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Trucordia completes acquisition of Archibald Insurance's Business to Expand Coverage Solutions

Dec 10, 2024•about 1 year ago

Acquiring Company

Trucordia

Acquired Company

Archibald Insurance

LindonNorth ChesterfieldEmployee BenefitsInsurance

Description

Trucordia, a top 20 U.S. insurance brokerage headquartered in Lindon, Utah, has successfully acquired the insurance business of Archibald Insurance, with offices in Richmond, Midlothian, and North Chesterfield, Virginia. This acquisition aims to expand coverage solutions and provide more competitive pricing and value-add services like in-house risk management and claims advocacy for Archibald Insurance's team and clients.

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