Porch Group to Acquire Allied Trust for $200M, Expanding into Louisiana
PRCH has more than doubled off its 52-week low of $6.36.
Summary
Porch Group agreed to acquire Allied Trust for $200 million, adding a Louisiana insurance presence and approximately $25 million in annual Adjusted EBITDA. The deal includes up to $70 million payable in PRCH shares and is expected to close in Q1 2027 pending regulatory approval.
Key Events · M&A and Partnerships · PRCH
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Acquisition Agreement Signed
Porch Group and its Reciprocal entered into a definitive agreement to acquire Allied Trust's insurance carrier, MGA, and captive reinsurer for $200 million total consideration.
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Financial Impact
Expected to add approximately $200 million of Reciprocal Written Premium and $25 million of Adjusted EBITDA (Excluding Reciprocal) in the first full year following closing, at an acquisition multiple of less than 4x.
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Consideration Structure
$105 million for the insurance carrier ($55M at closing, $50M deferred over 12 months) and $95 million for the MGA and captive reinsurer. Up to $70 million may be paid in PRCH shares.
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Regulatory Approval Required
Closing is subject to Texas Department of Insurance approval and other customary conditions. Closing cannot occur before January 1, 2027, with Q1 2027 expected.
Analysis · PRCH · Finance
Porch Group is acquiring Allied Trust's insurance carrier, MGA, and captive reinsurer for $200 million in a deal that adds approximately $200 million of Reciprocal Written Premium and $25 million of Adjusted EBITDA in the first full year. The transaction expands Porch into Louisiana, a new state representing nearly half of Allied Trust's 2025 premiums. The deal is structured with $150 million payable at closing (up to $20 million in PRCH shares) and $50 million in deferred payments over 12 months (up to $50 million payable in PRCH shares). Closing requires Texas Department of Insurance approval and is expected in Q1 2027. Separately, Porch announced plans to file for an at-the-market equity offering program, which could create additional share overhang.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PRCH was trading at $17.39 on NASDAQ in the Finance sector, with a market capitalization of approximately $2B. The 52-week trading range was $6.36 to $18.37. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.