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Trucordia acquires insurance business of CADA Insurance Services to strengthen its offerings

Jan 28, 2025•11 months ago

Acquiring Company

Trucordia

Acquired Company

CADA Insurance Services

LindonKennerEmployee BenefitsInsurance

Description

Trucordia has completed the acquisition of the insurance business of CADA Insurance Services, enhancing its position as a top U.S. insurance brokerage. This acquisition reinforces Trucordia's commitment to delivering extraordinary opportunities and exceptional experiences for its 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