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Trucordia acquires insurance business of Boater's Insurance Agency to enhance marine insurance solutions

PRIVATEFeb 18, 2025

Acquiring Company

Trucordia

Acquired Company

Boater's Insurance Agency, Inc.

LindonSan FranciscoEmployee BenefitsInsuranceInsurance

Description

Trucordia has acquired the insurance business of Boater's Insurance Agency, which specializes in providing insurance solutions and services within the marine industry. This acquisition aims to deepen Trucordia's bench strength in the marine insurance vertical, leveraging Boater's Insurance's unique offerings, robust experience, and impressive growth in forging strong relationships. With this acquisition, Trucordia continues its transformational growth strategy of building the next great insurance brokerage by enhancing client offerings.

Quick answer

Trucordia is acquiring Boater's Insurance Agency, Inc., announced February 18, 2025. Trucordia is based in Lindon, Utah, United States.

Who acquired Boater's Insurance Agency, Inc?
Trucordia agreed to acquire Boater's Insurance Agency, Inc. on February 18, 2025.
How much did Trucordia pay for Boater's Insurance Agency, Inc?
The deal value was not disclosed.
What does Trucordia do?
Trucordia, formerly PCF Insurance Services, is the group name for a top 20 U.S. insurance brokerage headquartered in Lindon, Utah.
Where are Trucordia and Boater's Insurance Agency, Inc. based?
Trucordia is based in Lindon, Utah, United States. Boater's Insurance Agency, Inc. is based in San Francisco, California, United States.
Who are the decision-makers at Trucordia?
Fundz holds 3 contacts at Trucordia. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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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Frequently asked

Who acquired Boater's Insurance Agency, Inc.?

Boater's Insurance Agency, Inc. was acquired by Trucordia, based in Lindon. The deal was reported on February 18, 2025. 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 Boater's Insurance Agency, Inc.?

Trucordia's acquisition of Boater's Insurance Agency, Inc. was reported on February 18, 2025. Trucordia has acquired the insurance business of Boater's Insurance Agency, which specializes in providing insurance solutions and services within the marine industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Boater's Insurance Agency, Inc. do?

Boater’s Insurance Agency, Inc. (BIA) is a family owned and operated agency that specializes in providing insurance products and services within the marine industry. We are located in the San Francisco Bay Area, and are licensed in 48 states. It is privately held, operating in Insurance, and is based in San Francisco.

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