PCF Insurance snaps up four businesses
PCF Insurance snaps up four businesses | Insurance Business America
Insurance News
PCF Insurance snaps up four businesses
Deals broaden its reach in key markets
Insurance News
By
Terry Gangcuangco
US insurance brokerage PCF Insurance Services, which operates in 40 states, has expanded its portfolio with the acquisition of four insurance firms: Pennsylvania-based Ignitist, North Carolina’s The Brady Agency, Roseberry Insurance Agency in Mississippi, and The Sinnott Agency from Iowa.
Ignitist focuses on Medicare and senior benefits, offering clients access to seasoned insurance professionals with deep knowledge in these areas.
The Brady Agency, meanwhile, strengthens PCF Insurance’s reach in the Research Triangle area, delivering expertise in both commercial and personal lines insurance. This addition will collaborate with Insurance Associates of the Triad, a PCF Insurance entity located in Asheboro, North Carolina.
Roseberry Insurance Agency widens PCF Insurance’s footprint in the Southeast. Known for its tech-driven approach and commitment to transparency, Roseberry specializes in property and casualty insurance while leveraging digital platforms.
The Sinnott Agency, lastly, bolsters PCF Insurance’s presence in the Midwest and is aligned well with the group’s core offerings.
“Our approach to M&A enables us to grow our operations in key markets – based on our analysis for growth potential and alignment with our current footprint – while ensuring that each new business that we integrate aligns with our long-term vision and enhances our capabilities and specialization in key industry verticals.”
DeWyze called the recent acquisitions “a testament to this strategy,” pointing out significant opportunities for better client service and expanded presence in strategically vital markets.
According to PCF Insurance, it is actively pursuing further mergers and acquisitions, aiming to bring in profitable insurance businesses that seek growth beyond their current capabilities.
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