Brief: Porch Group Announces Agreement To Acquire Allied Trust

Porch

13/10/2026 21:14

Porch Group, Inc. PRCH.O:
PORCH GROUP ANNOUNCES AGREEMENT TO ACQUIRE ALLIED TRUST
PORCH GROUP - DEAL EXPECTED TO ADD $200 MILLION RWP AND $25 MILLION ADJUSTED EBITDA (EXCLUDING RECIPROCAL) IN FIRST FULL YEAR
PORCH GROUP - EXPECTS TO FILE FOR ATM EQUITY OFFERING PROGRAM TO SELL PRCH SHARES
PORCH GROUP - TO BUY MGA AND CAPTIVE REINSURANCE ENTITY FOR $95 MILLION
PORCH GROUP:  RECIPROCAL TO ACQUIRE ALLIED TRUST'S INSURANCE CARRIER FOR INITIAL BASE PRICE OF $55 MILLION IN CASH, PLUS $50 MILLION OF DEFERRED CONSIDERATION
PORCH GROUP: EXPECTS TO FILE FOR AN ATM PROGRAM THAT WOULD PROVIDE RECIPROCAL OR PORCH GROUP WITH ABILITY TO SELL PRCH SHARES
Source text: ID:nBw2PVfma
Further company coverage: PRCH.O