Lehi-based PCF Insurance Services, a nationwide insurance brokerage with operations in 40 states, has acquired MK Insurance Group, a third-generation, 60-year-old family-owned commercial and personal insurance agency in Hoover, Alabama.
“We are excited to welcome the MK Insurance team to our organization,” said Brooke DeWyze, chief development officer of PCF Insurance. “PCF is focused on intentional, strategic growth with businesses like MK that complement our deep bench strength, expand our subject matter expertise on industry verticals and have a solid track record that will enhance our leading position within the industry.”
MK Insurance Group, known for its specialization in high-net-worth personal lines and many years of offering solutions to the construction and commercial real estate sectors, along with niche expertise in the signage industry, represents PCF Insurance’s first physical location in Alabama.
“At MK Insurance, we have been honored to serve our community with best-in-class insurance and risk management solutions since 1967,” said Greg Mikos, principal at MK Insurance. “We are eager to leverage the deep experience of the PCF team to accelerate our business growth and provide our clients with better coverage solutions, more competitive pricing, and increased market access.”
Through its recent active acquisitional growth strategy, PCF Insurance seeks to join forces with businesses that have a desire to expand capacity by utilizing a deep bench of collective experience, the company said. PCF offers a broad variety of commercial and personal lines, life and health, employee benefits and workers’ compensation solutions. The firm has more than 3,500 employees across the U.S.