PCF swoops for Utah agency

PCF Insurance Services has announced the acquisition of Utah-based 1 Source Business Solutions, a professional employer organization (PEO) specializing in employee benefits, payroll administration, HR compliance and consulting, and workers’ compensation administration.

“1 Source is an award-winning, high-growth professional employer organization that helps businesses manage complex employee-related matters,” said Peter C. Foy, founder, chairman and CEO of PFC Insurance. “Their portfolio of services further enhances those available to clients through the PCF Insurance agency network, along with creating collaborative opportunities for our partners.”

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“Partnering with PCF was the easiest decision we made in the 12 years we’ve been in business,” said Robert Beck, principal of 1 Source Business Solutions. “We immediately benefited from being agency partners, and it positively changed the lives of our employees. PCF shares our same values and goals, and is allowing us to grow and build so much faster than we could on our own.”