Trucordia has purchased the insurance business of Virginia-based Huffman Insurance, for an undisclosed sum.
Operating for over 50 years, Huffman Insurance has offices in Lexington, Staunton, and Covington, US.
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Originating as a family-owned agency in Lexington, the company has grown to employ a team of professionals offering auto, home, business, and life insurance solutions.
Trucordia CEO Felix Morgan said: “We’re excited to bring Huffman Insurance’s long-standing tradition of client service and community commitment into Trucordia. Their strong reputation, deep roots in Virginia, and dedication to delivering exceptional insurance solutions make Huffman Insurance a perfect fit for our growth strategy and vision for the future.”
The deal is part of Trucordia’s growth initiative, which focuses on acquiring high-potential businesses, as highlighted during its rebranding from PCF Insurance Services.
Its framework is built upon optimising operations with a regional management structure, creating a unified service foundation, and expanding the network through acquisitions.
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By GlobalDataIn February, the company acquired Boater’s Insurance Agency, a marine insurance specialist based in the San Francisco Bay Area.
Boater’s Insurance Agency, founded in 1989, is known for offering marine insurance solutions.
Additionally, in January, Trucordia purchased Rusty Healy Insurance Agency, a Mississippi-based insurance provider, providing include auto, home, business, and life insurance.
