Trucordia continues its expansion strategy with the acquisition of Fuhriman Insurance, a Boise, Idaho-based insurance agency.
Fuhriman Insurance offers insurance solutions for auto, home, commercial, life, umbrella, renters, workers’ compensation, recreational vehicles, and pest control. The agency also provides online tools allowing clients to compare quotes from multiple carriers.
Felix Morgan (pictured above), CEO of Trucordia, said the addition of Fuhriman Insurance aligns with the company’s long-term goals.
"Their dedication to client education and their reputation for building deep relationships with their clients make them invaluable partners as we continue to deliver exceptional experiences and innovative solutions across insurance markets,” Morgan said.
Fuhriman Insurance has emphasized the use of technology and a client-centered approach to offer personalized service and broader access to insurance options.
The acquisition comes as Trucordia continues to expand its national presence through strategic deals. This year, the firm has completed a series of acquisitions across different regions, including agencies such as CADA Insurance in Louisiana, Rusty Healy Insurance in Mississippi, and Boater’s Insurance in California.
These transactions have allowed the company to diversify across marine, personal, and commercial insurance, and to broaden its client reach in key US markets.
Trucordia’s expansion efforts are backed by a recent capital infusion. Last month, Carlyle’s Global Credit platform committed $1.3 billion to Trucordia. The investment helped reduce debt and increased the brokerage’s enterprise value to $5.7 billion.
In a separate move to optimize its balance sheet, Trucordia is also pursuing a nearly $1.9 billion first-lien refinancing led by JPMorgan. The refinancing aims to replace existing private debt with lower-cost funding and improve liquidity, giving the firm additional flexibility to support further acquisitions and platform investments.
This pace of dealmaking also marks a shift in Trucordia’s acquisition strategy. After closing nearly 100 acquisitions in 2022 under its former PCF Insurance Services brand, the firm reported completing 22 transactions in 2024.
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