Trucordia has acquired the insurance operations of Huffman Insurance, a provider of personal and commercial coverage with offices in Lexington, Staunton, and Covington, Virginia.
Financial terms of the deal were undisclosed.
“We’re excited to bring Huffman Insurance’s long-standing tradition of client service and community commitment into Trucordia,” said Felix Morgan (pictured above), CEO of 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.”
Founded more than 50 years ago in Lexington, Huffman Insurance has expanded to multiple locations across the region. The agency offers products including auto, home, business, and life insurance, and has focused on engagement in the communities where it operates.
The deal is part of Trucordia’s broader strategy to grow through acquisitions of established insurance businesses. The company has stated it is building a national brokerage network by bringing together more than 5,000 professionals across the US.
Recent transactions include the acquisition of Boater’s Insurance Agency, a marine-focused brokerage based in the San Francisco Bay Area. The firm, licensed in all 50 states, was founded in 1989 and provides insurance solutions tailored to the boating industry. Terms of the deal were not disclosed.
Trucordia has also acquired CADA Insurance Services, expanding its footprint in Louisiana. CADA operates offices in Baton Rouge, Chalmette, Gretna, and Kenner, and provides coverage across several lines, including auto, home, commercial, general liability, and workers’ compensation.
In addition, the company completed the acquisition of the insurance business of Rusty Healy Insurance Agency. Based in Madison, Mississippi, the agency offers a range of insurance products, including auto, home, business, and life. Financial details of the transaction were not disclosed.
Trucordia said it continues to pursue acquisitions in sectors and markets that align with its expansion plans, with a focus on partnering with firms seeking to scale operations and broaden client offerings.
