PCF Insurance Services announces acquisition of 4 insurance companies
PCF Insurance Services, a Lehi-based insurance brokerage with operations in 40 states, has acquired four insurance businesses: Ignitist, based in Pennsylvania; The Brady Agency, based in North Carolina; Roseberry Insurance Agency, based in Mississippi; and Sinnott Agency, based in Iowa.
“At PCF Insurance, we are committed to accelerated and strategic expansion through M&A — not to be confused with high-volume,” said Brooke K. DeWyze, chief development officer at PCF Insurance. “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. Our recent acquisitions are a testament to this strategy, providing us with significant opportunities to better serve our clients and expand our presence in strategically important markets.”
The Brady Agency, serving North Carolina and Virginia, offers commercial and personal insurance lines to the Research Triangle area. The company will join forces with Insurance Associates of the Triad, a business of PCF Insurance in Asheboro, North Carolina.
Ignitist specializes in Medicare and senior benefits, while Roseberry Insurance Agency expands PCF ‘s presence in the Southeast. Roseberry is a tech-forward insurance business specializing in property and casualty coverage.
The Sinnott Agency adds to PCF’s growing Midwest region and aligns well with PCF’s core business offerings, the company said.