Investment values brokerage Trucordia at $5.7 billion
- August 28, 2025
- Posted by: Web workers
- Category: Workers Comp
(Reuters) — Insurance brokerage firm Trucordia has secured a $1.3 billion investment from Carlyle through a deal that valued the company at $5.7 billion, it said on Wednesday.
The Carlyle investment will reduce Trucordia’s leverage, fortify the balance sheet and enhance its financial flexibility, Trucordia Chief Financial Officer Brandon Gray said in a statement.
The insurance brokerage industry is largely resilient to economic uncertainty, as customers continue to prioritize financial security and maintain spending on insurance products, making it an attractive sector for investors.
The latest investment raises the insurance broker’s valuation from $4.7 billion it had fetched two years ago when Carlyle and private-equity firm HGGC had made their investments in the company.
“We believe the company is well-positioned to capitalize on long-term growth opportunities in the insurance distribution sector,” said Andreas Boye, head of Carlyle Credit Opportunities in North America.
Last year, the firm rebranded itself as Trucordia, from PCF Insurance Services.
The Lindon, Utah-based insurance broker offers a wide range of commercial and personal insurance, life insurance and employee benefits solutions.
The transaction is expected to close this month, the company said.
