Lehi-based PCF Insurance Services (PCF), a national insurance brokerage firm, has acquired Andreini & Co., a full-service insurance agency based in San Mateo, California. Financial details were not disclosed.
Founded in 1951, Andreini & Co. offers a complete spectrum of insurance products, with specialized expertise in industry niches such as agriculture, aviation, transportation, oil and gas, equine mortality and others.
“We are thrilled to welcome Andreini & Co. and its team to the PCF family,” said Peter C. Foy, chairman, founder and CEO of PCF Insurance. “The Andreini team has a notable history and stellar reputation within the industries and geographies it serves and possesses an entrepreneurial mindset that is reflective of their success. They bring a breadth of industry specializations, such as petroleum and agriculture, that will be beneficial to other agencies in the broad PCF network.”
Foy said that PCF intentionally selects agency partners that independently emulate the high-growth PCF business strategy, possess a proven track record of success, are highly entrepreneurial and are looking to rise above their current watermark.
“PCF and Peter are like us — a people-centric, family company dedicated to supporting our customers while striving for growth,” said Michael Colzani, executive vice president of Andreini & Co. “We’re confident this partnership will provide a pathway to long-term success through operational resources, new growth opportunities and a network of knowledgeable colleagues.”