Lindon-based insurance brokerage Trucordia has acquired the insurance business of Boater’s Insurance Agency, headquartered in the San Francisco Bay Area of California.
“Boater’s Insurance brings unique offerings and robust experience in marine insurance solutions to Trucordia, which will deepen our bench strength in this vertical,” said Brooke K. DeWyze, Trucordia’s chief development officer. “The team’s impressive growth, which has been rooted in forging strong relationships, makes BIA an ideal match for our expanding company.”
Specializing in insurance for marine equipment owners, Boater’s is licensed in all 50 states.
The acquisition continues a recent history of rapid growth for Trucordia. With its growth over the past few years, the company is now ranked No. 19 on Business Insurance magazine’s 2024 Top 100 Brokers. Trucordia partners employ more than 5,000 people nationwide.