LINDON,
Utah, Aug. 15, 2024 /PRNewswire/ -- PCF
Insurance Services, a top 20 U.S. insurance brokerage, announced
today it has acquired the insurance business of Asset Insurance
Agency, based in Peabody,
Massachusetts.
PCF Insurance Services, a top 20 U.S.
insurance brokerage, acquires Asset Insurance Agency team, based in
Massachusetts.
"Asset Insurance shares our commitment to cultivate quality
relationships throughout their footprint and deliver world-class
service," said PCF Insurance CEO Felix
Morgan. "The addition of Asset aligns with our acquisition
strategy by bringing in an experienced team that shares our
collaborative culture, commitment to organic growth and passion for
service."
Asset Insurance Agency specializes in auto, home, commercial and
life insurance solutions for individuals and businesses across
Massachusetts, New Hampshire, Maine, Florida, Rhode
Island and Connecticut. By
joining forces with PCF Insurance, the Asset team and its clients
will benefit from expanded coverage solutions, more competitive
pricing, and value-add services like in-house risk management and
claims advocacy.
PCF Insurance continues building its M&A pipeline with
strategic targets that strengthen its core property and casualty
and health and benefits business in key markets and deepen its
in-house experience implementing risk management and loss control
solutions within growing industries. PCF Insurance is making
significant progress in reaching its goal of adding $50 million in EBITDA from M&A by year-end.
About PCF Insurance Services
A top 20 U.S. insurance brokerage headquartered in Lindon, Utah, PCF Insurance Services of the
West, LLC offers a broad array of commercial and personal lines,
life and health, employee benefits, and workers' compensation
insurance solutions. PCF Insurance's operating model and
entrepreneurial environment support its tremendous growth profile,
offering its businesses alignment through equity ownership,
enhanced coverage solutions and capabilities for clients, and
shared-services resources. With more than 4,000 employees across
the U.S., PCF Insurance is a notable leader in the insurance
brokerage space, ranking #19 on Business Insurance's
2024 Top 100 Brokers and #13 on Insurance Journal's
2024 Top Property/Casualty Agencies. Visit pcfins.com for more
information.
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SOURCE PCF Insurance Services