Trucordia has acquired the assets of Hecht-Stout Insurance Agency, a Dunlap, Illinois-based brokerage with deep roots in the Peoria area.
The acquisition adds another independently operated business to Trucordia's growing platform as the top 20 US broker continues to expand through targeted regional acquisitions.
No financial terms were disclosed.
Hecht-Stout has been led since 2008 by Gregory Gerontes, who began his career at the agency under former owner Hiles Stout and spent more than 15 years helping build the business before taking ownership. Over more than 30 years in the industry, Gerontes has developed a reputation for translating complex coverage questions into practical guidance for clients, a quality that Trucordia's chief executive highlighted as central to the deal's rationale.
Felix Morgan, chief executive of Trucordia, said the acquisition brought in a team that combined technical depth with a client-first approach.
"Gregory and his team have built a business that combines deep industry knowledge with a very practical, personal way of serving clients. They know how to take complicated coverage questions and make them understandable. That kind of client focus is exactly what we value," said Morgan.
For Gerontes, the transaction represents an opportunity to extend what the agency can offer rather than a departure from the way it has always operated.
"I see this as a chance to be part of something larger, with the scale, administrative support, and market access needed to continue to serve clients the right way," he said.
Hecht-Stout's clients are expected to continue receiving the same service they are accustomed to, now supported by Trucordia's broader resources and carrier relationships.
The Hecht-Stout deal is the latest in a sustained run of acquisitions for Trucordia, which has grown aggressively since its origins in 1987 and rebranded from PCF Insurance Services in 2024.
The pace of dealmaking has been significant. In June 2025, Trucordia secured a $1.3 billion investment from Carlyle in a deal that valued the broker at $5.7 billion, and later raised $2.5 billion in debt to refinance its existing loan while adding a $400 million revolving credit facility to fund further acquisitions.
However, the company has also been deliberate about moderating its deal volume in favor of quality, it has stated.
Having closed nearly 100 deals in 2022 under the PCF brand, Trucordia shifted to a more selective approach, closing 22 transactions in 2024 with a greater emphasis on business alignment and sustainable growth.
The company also marked a separate milestone late last year when it completed the rebranding of 100 acquired businesses to the Trucordia name in a single year, part of a broader strategy to organize acquisitions on to platforms by geography and business sector.
Trucordia competes for such targets against a field that includes Gallagher, Acrisure and a range of other regional and national aggregators, all pursuing broadly similar strategies in a market where independent agency ownership continues to consolidate.
