M&A Deal Summary

Trucordia Acquires Richard King Insurance Agency

On December 17, 2024, Trucordia acquired insurance company Richard King Insurance Agency

Acquisition Highlights
  • This is Trucordia’s 19th transaction in the Insurance sector.
  • This is Trucordia’s 21st transaction in the United States.
  • This is Trucordia’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2024-12-17
Target Richard King Insurance Agency
Sector Insurance
Buyer(s) Trucordia
Deal Type Add-on Acquisition

Target

Richard King Insurance Agency

Powhatan, Virginia, United States
Richard King Insurance Agency provides a full range of insurance services. Richard King Insurance Agency was founded in 1987 and is based in Powhatan, 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 21 of 21
Sector (Insurance) 19 of 19
Type (Add-on Acquisition) 20 of 20
State (Virginia) 2 of 2
Country (United States) 21 of 21
Year (2024) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Archibald Insurance

Richmond, Virginia, United States

Archibald Insurance offers a wide selection of coverage solutions for individuals and businesses. Archibald Insurance is based in Richmond, Virginia.

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