Trucordia Expands Texas Market with Acquisition of First Texas Agency

Trucordia Expands Texas Presence Through Acquisition of First Texas Agency

Trucordia has completed its acquisition of First Texas Agency, a Houston-based insurance provider specializing in personal and commercial coverage. This strategic expansion enhances Trucordia's reach within the Texas insurance market, fortifying its position among regional carriers and payers.

First Texas Agency offers diverse insurance products tailored to individuals, families, and businesses in the Houston area. This acquisition is Trucordia's second strategic move in Texas, following the purchase of Global Financial & Insurance Services in Irving. This move expanded Trucordia's capabilities with a robust platform for multi-state insurance underwriting and financial planning.

According to Felix Morgan, CEO of Trucordia, the acquisition bolsters the firm's market position in Texas. "Acquiring the First Texas Agency business strengthens our presence in Texas and helps us expand our focus on providing thoughtful, knowledgeable service to clients seeking tailored insurance solutions," he stated.

Morgan also emphasized that the team from First Texas Agency will play a significant role in advancing Trucordia's growth objectives. "I'm confident this team will be a positive addition as we continue to work together with every Trucordia business to reach our bold growth goals," Morgan remarked. This aligns with Trucordia's commitment to client-centric service and regulatory compliance requirements.

Trucordia remains dedicated to acquiring agencies that align with its commitment to client-focused service and regional knowledge. As part of a larger multi-state acquisition strategy projected for 2025, Trucordia has successfully executed acquisitions across several states, enhancing its risk management and claims processing capabilities.

The transaction was advised exclusively by Helfer & Associates, though financial details of the deal were not disclosed, maintaining confidentiality typical within the insurance industry.