PCF Insurance Services, based in Lehi, Utah, has been on a buying streak and has recently acquired four insurance businesses in North Carolina, Pennsylvania, Mississippi, and Iowa. According to Brooke K. DeWyze, the chief development officer at PCF Insurance, the company is focused on strategic and accelerated growth through mergers and acquisitions. This approach allows them to expand in key markets with growth potential that aligns with their current footprint while also ensuring that each new business aligns with their long-term vision and enhances their capabilities in key industry verticals.
PCF Insurance is based in Lehi, Utah and has been actively acquiring businesses to fuel its growth strategy. In May, the company acquired All Star Insurance in Texas and Encore Advisors in Georgia following the closure of $400 million in incremental debt financing led by Blue Owl to support their M&A goals. In April, PCF acquired MK Insurance Group in Alabama. This series of acquisitions and organizational changes demonstrate PCF’s commitment to strategic growth and expansion in the insurance market.
PCF’s latest acquisitions include The Brady Agency in North Carolina which will be joining forces with Insurance Associates of the Triad in Asheboro, North Carolina; Ignitist in Pennsylvania; Roseberry Insurance Agency in Mississippi; Sinnot Agency in Iowa. These recent purchases bring PCF’s brokerage operation into 40 states across the US. To support this growth strategy PCF made changes to its executive team earlier this year promoting Felix Morgan as CEO and Brandon Gray as CFO along with other new team members.
