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Trucordia acquires assets of Hecht-Stout Insurance Agency, expanding client-focused commercial insurance capabilities in Illinois. Business · JUN 9, 2026 PR Newswire LINDON, Utah, June 9, 2026 /PRNewswire/ - Trucordia, a top 20 U.S. insurance brokerage, today announced it has acquired the assets of the Hecht-Stout Ins... LINDON, Utah, June 9, 2026 /PRNewswire/ - Trucordia, a top 20 U.S. insurance brokerage, today announced it has acquired the assets of the Hecht-Stout Insurance Agency. This Dunlap, Illinois-based business has deep roots in the Peoria area and a longstanding reputation for helping clients navigate complex insurance decisions with clarity and confidence. Under the leadership of owner Gregory Gerontes, the business has become known for pairing technical insurance knowledge with practical guidance and personal service. Gerontes has spent more than 30 years in the insurance industry. He began his career with Hecht-Stout, working closely with former owner Hiles Stout and helping build the business over more than 15 years before becoming owner in 2008. Since then, he has continued to grow the business while maintaining a hands-on, client-centered approach. Over the years, Hecht-Stout has built a strong reputation for breaking down technical coverage questions into answers clients can easily understand. Clients describe the team as personable, efficient, and highly knowledgeable, and the business has earned recognition for both its commercial experience and its work in the industry, including awards and published journal features. "We welcome the Hecht-Stout Insurance team to Trucordia," said Felix Morgan, CEO of Trucordia. "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." For Gerontes, joining Trucordia is about growth and possibility. "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. As part of Trucordia, Hecht-Stout's clients will continue to receive the same responsive, relationship-driven service they know, now backed by additional resources and broader capabilities. About Trucordia Trucordia is the group name for a top 20 U.S. insurance brokerage headquartered in Lindon, Utah. The Trucordia group of companies offers a broad array of commercial and personal lines, life and health, and employee benefits insurance solutions. Trucordia is an integrated organization united by a passion to deliver extraordinary opportunities and exceptional experiences for its clients, partners, and each other. With more than 5,000 team members across the U.S., Trucordia is a notable leader in the insurance brokerage space, ranking #18 on Business Insurance's 2025 Top 100 Brokers and #16 on Insurance Journal's 2025 Top Property/Casualty Agencies. Visit trucordia.com for more information. SOURCE Trucordia Published by News Desk · WeeklyReviewer The WeeklyReviewer news desk monitors breaking developments around the clock - sourcing, verifying, and publishing real-time industry news across business, technology, politics, science, sports, and world affairs. Every story that comes through the Live Wire is reviewed for accuracy before publication, keeping our readers ahead of the curve without the noise.

"Mubadala" Enhances its global presence with strategic investments and international partnerships. * Summary * A+ Abu Dhabi, April 9 / WAM / The year 2025 was one of the most active years for Mubadala's global investment platforms, as the group expanded its strategic investments and strengthened its presence through international partnerships in North America, Europe, and Asia markets. This reflects the broadening of investment opportunities in sectors such as artificial intelligence, technology, healthcare, advanced industries, energy infrastructure, and others. Mubadala launched a $1 billion (AED 3.7 billion) partnership with "Fortress Group" to invest in private credit and expand flexible financing solutions to support medium-sized companies and investment opportunities in asset-backed securities. This reinforces the disciplined approach in expanding the global scope of Mubadala's credit and special situations investments. Mubadala made a significant additional investment in "PCI Pharma Services" as part of a joint strategic deal with "Bain Capital" and "Kohlberg," supporting the expansion of the company's capabilities in developing and manufacturing innovative biotherapeutics, biological products, and specialized drug treatments, keeping pace with growing global demand. Mubadala entered into a partnership with "Silver Lake" by acquiring the "Endeavor" group; a leading global platform focusing on talent representation, media, and entertainment (and owner of "TKO," which includes under its umbrella the institutions "UFC" and "WWE"). This investment contributes to strengthening the strategic partnership between Mubadala and Silver Lake and adds qualitative value to Mubadala's portfolio by investing in high-quality assets capable of generating rewarding cash flows while ensuring promising and sustainable long-term growth prospects. A minority stake of 24% in "Arcadia Consumer Healthcare," a leading platform in consumer health and personal care products, was also sold, concluding a four-year partnership with the "Pansc" group, during which "Arcadia's" revenues tripled. The company completed an investment of $600 million (AED 2.2 billion), alongside "EQT" and global institutional partners, to acquire a stake in "Nord Anglia Education," the leading global operator of premium international schools, serving over 100,000 students in 37 countries. Mubadala invested in a minority stake in "Tishman" valued at approximately €6.7 billion (AED 28.8 billion), within an alliance including "Partners Group," "GIC," and "TPG Rise Climate," to support efforts aimed at reducing carbon emissions in the real estate sector, which represents about 40% of total global emissions. Mubadala acquired a 30% stake in "Loscam International," the leading company in shipping platform consolidation solutions and reusable packaging in the Asia-Pacific region, alongside a group of shareholders including "Trustar Capital," "FountainVest," and "Sinotrans." This investment represents Mubadala's first presence in the industrial sector in Asia. Mubadala, through a joint venture with "Ardian," invested $253 million (AED 929 million) to acquire a stake in four luxury retail properties in Paris and New York, leased to fashion houses under the "Kering" group. Mubadala committed investments worth approximately €300 million (AED 1.29 billion) for "Resolve Energy," in cooperation with "Actis," to support the expansion of renewable energy generation projects in Central and Eastern Europe. This platform, which has under-construction projects in Romania and Bulgaria, along with strong additional development projects, aims to accelerate the deployment of clean energy solutions and enhance regional energy security. Mubadala entered into a strategic partnership with "Ardian" for joint investment in the secondary infrastructure market, primarily focusing on multi-asset portfolios led by limited partners. This partnership includes a commitment from Mubadala of $500 million (AED 1.84 billion) in a specially designed account, with an option to deploy an additional $500 million through co-investments. Mubadala committed to investing in an organized minority stake in "Trucordia" in partnership with "The Carlyle Group" through a loss-protected equity instrument. This deal provides access to a broad, asset-light insurance brokerage platform in the United States. "Mubadala Capital" successfully completed the acquisition of "CI Financial," one of the leading diversified asset and wealth management companies in North America, in a deal valued at CAD 12.1 billion (AED 32.2 billion). With the completion of this deal, Mubadala Capital, through asset managers and strategic partners, now manages, advises, and oversees assets exceeding $430 billion (AED 1.58 trillion) on behalf of its clients and limited partners. This volume of assets embodies Mubadala Capital's vision of building a leading global asset management platform, based on providing alternative investments with high institutional standards across various asset classes and geographic regions. Additionally, the Abu Dhabi Investment Council continued its journey as the indirect investment arm of Mubadala, as the council deployed investments worth $19 billion (AED 70 billion) during 2025 with major public partners and investment fund managers. The company intensified its investments in "MGX," in support of its strategy to invest in the artificial intelligence ecosystem and advanced technologies. During 2025, the AI Infrastructure Partners group "AIP," composed of "MGX," "BlackRock," and "GIP" with other partners, acquired all shares of "Aligned Data Centers." Also, "MGX" collaborated with "BPI France," "Mistral AI," "BlackRock," and "Nvidia" to build an AI cluster in the Paris region, the largest of its kind in Europe. General / Ham / Den * Economy * United Arab Emirates (ARE) * Abu Dhabi News available in the following languages as well: