M&A Deal Summary

Trucordia Acquires Sinnott Agency

On June 24, 2024, Trucordia acquired insurance company Sinnott Agency

Acquisition Highlights
  • This is Trucordia’s 30th transaction in the Insurance sector.
  • This is Trucordia’s 33rd transaction in the United States.
  • This is Trucordia’s 1st transaction in Iowa.

M&A Deal Summary

Date 2024-06-24
Target Sinnott Agency
Sector Insurance
Buyer(s) Trucordia
Deal Type Add-on Acquisition

Target

Sinnott Agency

Waterloo, Iowa, United States
Sinnott Agency is a full-service insurance agency. Sinnott Agency was formed in 1923 and is based in Waterloo, Iowa.

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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 33 of 53
Sector: Insurance M&A 30 of 49
Type: Add-on Acquisition M&A Deals 31 of 51
State: Iowa M&A 1 of 1
Country: United States M&A 33 of 53
Year: 2024 M&A 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Ignitist

Harleysville, Pennsylvania, United States

Ignitist provides medicare and senior benefits, a unique and nuanced sector of insurance where clients directly benefit from the deep knowledge of an experienced insurance professional. Ignitist is based in Harleysville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Montalvo

Weslaco, Texas, United States

Montalvo is an insurance agency that helps local small businesses endure some of the hardest situations by being prepared ahead of time through proper insurance coverage. Montalvois based in Weslaco, Texas.

Buy -