Richardson Insurance Acquired by Trucordia | Financial Services M&A Deal

Trucordia has acquired Richardson Insurance, a insurance brokerage business in Idaho, for $200M. Richardson Insurance, founded in 1988 by Randy Richardson, provides personal and commercial lines insurance brokerage services to Idaho clients. Trucordia acquisitions expand the group’s commercial and personal lines, life and health, and employee benefits capabilities through an insurance brokerage acquisition in Idaho. The strategic acquisition is structured as an add on acquisition and is part of financial services M&A and financial services deals ID, with reported deal value figures including $30M and $235B. The announced ID acquisitions are expected to close under standard terms for this strategic acquisition.