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 4th transaction in the Insurance sector.
  • This is Trucordia’s 5th 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
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 5 of 20
Sector (Insurance) 4 of 18
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 5 of 20
Year (2022) 5 of 5
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
2023-09-06 Allied Marketing Insurance

Miami, Florida, United States

Allied Marketing Insurance is a health and benefits agency driven to help the state's underserved multicultural community of agents and clients. Allied Marketing Insurance is based in Miami, Florida.

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) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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