Announced

Completed

Covu completed the acquisition of Ford Insurance Agency.

Synopsis

Covu, the leader in AI-native customer servicing for the insurance industry, completed the acquisition of Ford Insurance Agency, a full-service agency providing business and personal insurance solutions. Financial terms were not disclosed. "Now that we have COVU’s support, I think the moon is the limit. The growth potential is huge. If we keep it going the way it’s going, it’ll be a very good company. We chose to sell to COVU because they were the only buyer that offered a stock sale while preserving our brand and legacy, which gave us the confidence that our customers—and our agency’s name—would continue on with the same care and reputation we built over generations," Gary Lonsinger, Ford Insurance Agency Owner.

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