Trucordia to receive $1.3B investment from Carlyle’s Global Credit platform

Trucordia announced it will receive a $1.3B strategic investment from global investment firm Carlyle’s (CG) Global Credit platform. The transaction will reduce Trucordia’s leverage and simplify its governance structure by repurchasing units from existing minority investors. The transaction, which is expected to close this month and values Trucordia at $5.7B, provides the company with long-term financial flexibility to pursue a variety of strategic outcomes. Trucordia is a top 20 U.S. insurance brokerage offering a broad array of commercial and personal lines, life, and employee benefits insurance solutions.