M&A Deal Summary

Trucordia Acquires Infuse Insurance

On October 11, 2022, Trucordia acquired insurance company Infuse Insurance

Acquisition Highlights
  • This is Trucordia’s 1st transaction in the Insurance sector.
  • This is Trucordia’s 2nd transaction in the United States.
  • This is Trucordia’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2022-10-11
Target Infuse Insurance
Sector Insurance
Buyer(s) Trucordia
Deal Type Add-on Acquisition

Target

Infuse Insurance

Beckley, West Virginia, United States
Infuse Insurance is an independent, community-based agency offering a comprehensive suite of home, auto, business, and life insurance solutions. Infuse Insurance was founded in 2006 and is based in Beckley, West Virginia.

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Buyer(S) 1

Buyer

Trucordia

Lindon, Utah, United States
Category Company
Sector Insurance
DESCRIPTION

Trucordia is a full-service consultant and insurance brokerage firm offering a broad array of commercial, life, and health, employee benefits, and workers' compensation solutions. Trucordia is based in Lindon, Utah.

DEAL STATS #
Overall 2 of 20
Sector (Insurance) 1 of 18
Type (Add-on Acquisition) 2 of 19
State (West Virginia) 1 of 1
Country (United States) 2 of 20
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 VB@Work

Marietta, Georgia, United States

VB@Work is an insurance brokerage group that designs and implements voluntary employee benefits solutions. The company combines state-of-the-art benefits analysis, communication, enrollment, billing, and support services, providing a strategic competitive advantage for the company across the benefits industry. It provides best-in-class employee benefits solutions to employers who want to stay on the cutting edge of employee care. VB@Work is based in Marietta, Georgia.

Buy -
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