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M&A Deal Summary

Trucordia Acquires TCU Insurance Agency

On December 13, 2022, Trucordia acquired insurance company TCU Insurance Agency from Teachers Credit Union

Acquisition Highlights
  • This is Trucordia’s 22nd transaction in the Insurance sector.
  • This is Trucordia’s 24th transaction in the United States.
  • This is Trucordia’s 1st transaction in Indiana.

M&A Deal Summary
Date 2022-12-13
Target TCU Insurance Agency
Sector Insurance
Buyer(s) Trucordia
Sellers(s) Teachers Credit Union
Deal Type Divestiture

Target

TCU Insurance Agency

Indianapolis, Indiana, United States
TCU Insurance Agency is an independent agency representing a variety of A+-rated insurance carriers. TCU Insurance offers customized insurance plans for individuals and businesses in Indiana and Michigan, with locations in South Bend, Mishawaka, Elkhart, Plymouth, Granger, Indianapolis, Niles, and New Buffalo. TCU Insurance Agency is based in Indianapolis, Indiana.

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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 24 of 53
Sector: Insurance M&A 22 of 49
Type: Divestiture M&A Deals 2 of 2
State: Indiana M&A 1 of 1
Country: United States M&A 24 of 53
Year: 2022 M&A 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Direct Dealer Services

Hoffman Estates, Illinois, United States

Direct Dealer Services is an automotive finance and insurance (F&I) firm providing industry-leading technologies, products, solutions, and training. DDS offers national automotive dealers, agents, and lender partners innovative F&I programs that promote employee confidence, fewer regulatory risks, and improved customer sales and satisfaction. Direct Dealer Services was formed in 1992 and is based in Hoffman Estates, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Oak Point Risk Advisors

Thibodaux, Louisiana, United States

Oak Point Risk Advisors is a niche risk management and insurance agency focusing on commercial insurance for the maritime, oil and gas, and construction industries. Oak Point Risk Advisors is based in Thibodaux, Louisiana.

Buy -

Seller(S) 1

SELLER

Teachers Credit Union

South Bend, Indiana, United States
Category Company
Sector Financial Services
DESCRIPTION

Teachers Credit Union offers valuable banking solutions including checking accounts, savings accounts, mortgages, auto loans. Teachers Credit Union is based in South Bend, Indiana.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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