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Trucordia acquires Shipley & Pease Insurance assets

PRIVATEAug 04, 2026•5 days ago

Acquiring Company

Trucordia

Acquired Company

WORQ

LindonMalaysiaEmployee BenefitsInsurance

Description

Trucordia has acquired the assets of Shipley & Pease Insurance, enhancing its specialty experience in professional liability. The Shipley & Pease team will continue providing services while benefiting from Trucordia's expanded resources. This acquisition aligns with Trucordia's strategy to grow on a national scale.

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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Strategic

ML-powered predictions for Trucordia's next move

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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

Frequently asked

Who acquired WORQ?

WORQ was acquired by Trucordia, based in Lindon. The deal was reported on August 4, 2026. Trucordia, formerly PCF Insurance Services, is the group name for a top 20 U.S. insurance brokerage headquartered in Lindon, Utah. Trucordia is privately held and operates in Employee Benefits.

When did Trucordia acquire WORQ?

Trucordia's acquisition of WORQ was reported on August 4, 2026. Trucordia has acquired the assets of Shipley & Pease Insurance, enhancing its specialty experience in professional liability. The Shipley & Pease team will continue providing services while benefiting from Trucordia's expanded resources. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does WORQ do?

Malaysia-based co-working space provider with a goal to expand its co-working space operations. It is privately held, and is based in Malaysia.

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