PCF Insurance coverage Companies has made a transfer in Massachusets. The highest 20 U.S. insurance coverage brokerage, headquartered in Lindon, Utah, has acquired the insurance coverage enterprise of Asset Insurance Agency, primarily based in Peabody, Massachusetts.
“Asset Insurance coverage shares our dedication to domesticate high quality relationships all through their footprint and ship world-class service,” mentioned PCF Insurance coverage CEO Felix Morgan. “The addition of Asset aligns with our acquisition technique by bringing in an skilled crew that shares our collaborative tradition, dedication to natural progress and fervour for service.”
Asset Insurance coverage Company focuses on auto, house, industrial and life insurance coverage options for people and companies throughout Massachusetts, New Hampshire, Maine, Florida, Rhode Island and Connecticut. By becoming a member of forces with PCF Insurance coverage, the Asset crew and its purchasers will profit from expanded protection options, extra aggressive pricing, and value-add companies like in-house threat administration and claims advocacy.
PCF Insurance coverage continues constructing its M&A pipeline with strategic targets that strengthen its core property and casualty and well being and advantages enterprise in key markets and deepen its in-house expertise implementing threat administration and loss management options inside rising industries. PCF Insurance coverage is making vital progress in reaching its aim of including $50 million in EBITDA from M&A by year-end.
PCF Insurance coverage Companies in its personal phrases
A high 20 U.S. insurance coverage brokerage headquartered in Lindon, Utah, PCF Insurance coverage Companies of the West, LLC presents a broad array of business and private strains, life and well being, worker advantages, and staff’ compensation insurance coverage options. PCF Insurance coverage’s working mannequin and entrepreneurial surroundings assist its super progress profile, providing its companies alignment by way of fairness possession, enhanced protection options and capabilities for purchasers, and shared-services sources. With greater than 4,000 staff throughout the U.S., PCF Insurance coverage is a notable chief within the insurance coverage brokerage house, rating #19 on Enterprise Insurance coverage‘s 2024 Prime 100 Brokers and #13 on Insurance coverage Journal‘s 2024 Prime Property/Casualty Businesses.
