News

10
Mar

“We want to give entrepreneurial agency owners our rocket fuel”

PCF Insurance Services (PCF), a full-service insurance brokerage based in Woodland Hills, California, formed 36 new partnerships with insurance agencies in 2020, taking its national network to over 50 agencies with 70 offices, providing a diverse offering of commercial lines, personal lines, and employee benefits products.  Having successfully completed so many deals in the middle of a global pandemic, and

Read more

9
Feb

Brokerage PCF plans surge in acquisitions in 2021

Private equity-backed brokerage PCF Insurance Services LLC expects to nearly double its rate of acquisitions in 2021, potentially making it one of the top acquirers of insurance agents and brokerages for the year, its senior executives say.  “We’ve bought $1 million (revenue) agencies to $15 million agencies and everything in between,” Peter Foy, chairman and CEO of PCF, who formed

Read more

4
Feb

PCF Insurance Services Transforms National Brokerage Network with 36 New Partnerships in 2020

PCF Insurance Services (“PCF”), a leading national full-service insurance brokerage, today announced that it successfully partnered with 36 agencies in 2020, including 19 in Q4. PCF has achieved 103% growth since HGGC’s strategic investment in April 2020 by building a national network of entrepreneurial agency partners. Significantly, PCF also launched a world-class Shared Services Center in Salt Lake City to

Read more

3
Feb

PCF Insurance Services and Western States Insurance Complete Strategic Partnership

PCF Insurance Services (PCF) is proud to announce the completion of an exciting new partnership with Western States Insurance located in Spanish Fork, Utah. PCF’s investment in the partnership will enable Western States Insurance to provide continued quality customer service and more comprehensive coverage for families, businesses, and employees in the Utah region. Matt Barber, president of Western States Insurance,

Read more

20
Jan

Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS

Acrisure continued to lead all buyers with 108 transactions in 2020, which is consistent with their four-year average of about 100 deals per year.  Other top buyers were Hub International with 64 acquisitions (up from 52 in 2019) and Broadstreet Partners with 58 deals (up from 34 in 2019), and newcomer to the top of the list, World Insurance Associates with

Read more

14
Jan

BHMS Invests in Staff Boom

The investment in Staff Boom furthers BHMS’ track record within the insurance industry, having served as the first institutional investor in three retail brokers: The Hilb Group (2011 – 2015), PCF Insurance Services (2017 – 2020) and currently with Inszone Insurance Services. In addition, BHMS is also an active investor in Diversified Risk Holdings, a leading managing general agency. 

12
Jan

PCF Insurance Services and BIG Benefits Complete Strategic Partnership

WOODLAND HILLS, CALIF. (PRWEB) JANUARY 12, 2021 PCF Insurance Services (PCF) announces a new partnership with BIG Benefits (BIG) based in the Bountiful, Utah area. This partnership will further enable PCF to grow in the health reform and benefits compliance market within the Utah region. Nathan Peterson, founder of BIG Benefits, will continue to lead all operations of BIG while also

Read more

5
Jan

PCF Insurance Services Names Felix Morgan Chief Financial Officer

PCF Insurance Services (“PCF”), a leading national full-service insurance brokerage, today announced the strategic new hire of Felix Morgan as Chief Financial Officer. Morgan is an experienced financial executive with extensive background driving profitable growth within multibillion-dollar Fortune 500 and Fortune 50 companies.  “Felix Morgan has a valuable professional background that aligns precisely with the needs and growth trajectory of

Read more

21
Dec

UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC

In the U.S., HGGC’s current insurance holdings include Pearl Holding, a non-standard auto managing general agent; Integrity Marketing Group, a leading life and health insurance distributor focused on the senior market; and PCF Insurance, a full-service insurance brokerage firm that provides complete risk management and employee benefits solutions. 

22
Oct

Analysis: Broker sector M&A activity rebounds in Q3

Also noteworthy is the rise of PCF Insurance as an active buyer as it recorded 22 acquisitions to date in 2020, compared with four in the same period in 2019.