M&A Deal Summary

Trucordia Acquires 1 Source Business Solutions

On September 29, 2022, Trucordia acquired staffing company 1 Source Business Solutions

Acquisition Highlights
  • This is Trucordia’s 1st transaction in the Staffing sector.
  • This is Trucordia’s 18th transaction in the United States.
  • This is Trucordia’s 3rd transaction in Utah.

M&A Deal Summary

Date 2022-09-29
Target 1 Source Business Solutions
Sector Staffing
Buyer(s) Trucordia
Deal Type Add-on Acquisition

Target

1 Source Business Solutions

Midvale, Utah, United States
1 Source Business Solutions is a professional employer organization (PEO) specializing in employee benefits, payroll administration, HR compliance and consulting, and workers' compensation administration for any sized company. 1 Source Business Solutions is based in Midvale, Utah.

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Buyer(S) 1

Buyer

Trucordia

Lindon, Utah, United States

Category Company
Founded 1987
Sector Insurance
DESCRIPTION

Trucordia is a full-service insurance brokerage firm that provides complete risk management solutions with a broad array of property & casualty, life and health, employee benefits, and workers' compensation insurance products. Trucordia was formed in 1987 and is based in Lindon, Utah.


DEAL STATS #
Overall 18 of 53
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 17 of 51
State: Utah M&A 3 of 3
Country: United States M&A 18 of 53
Year: 2022 M&A 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Peak Performance Team

Surfside Beach, South Carolina, United States

Peak Performance Team is a provider of F&I options, and is a concierge provider of custom tools for independent automobile dealers across the United States. PPT offers customized products for extended warranties, vehicle service contracts, GAP, and ancillary products, such as cosmetic tire and wheel, environmental, theft protection, maintenance, lease protection, and combo packs. Peak Performance Team was founded in 2017 and is based in Surfside Beach, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Lawrence Victoria

Solon, Ohio, United States

Lawrence Victoria provides fully customizable lender-placed insurance solutions to banks, thrifts, credit unions, mortgage loan servicers and investors. Lawrence Victoria utilizes best-in-class service, the latest technology, and one-of-a-kind hybrid coverage options to provide trusted compliance protection to each and every client. Lawrence Victoria was founded in 1976 and is based in Solon, Ohio.

Buy -