Newest team members bring robust experience in
growing sectors, increases 2024
M&A transactions total to nine
LINDON,
Utah, Aug. 8, 2024 /PRNewswire/
-- PCF Insurance Services, a top 20 U.S. insurance
brokerage, announced today it has acquired the insurance business
of DLD Insurance Brokers, marking the company's ninth significant
acquisition in 2024.
PCF Insurance Services acquired the
insurance business of DLD Insurance Brokers, marking its ninth
acquisition in 2024.
"DLD represents the ideal acquisition that aligns with our
M&A strategy," said Felix
Morgan, PCF Insurance CEO. "Their team has served as trusted
advisors for decades by bringing robust experience and knowledge in
helping mitigate increasingly complex risks, specifically for the
construction and real estate sectors. Their specialization in these
industries adds to our own bench strength and aligns with our core
business."
Founded in 1989 in Irvine,
California, DLD Insurance Brokers specializes in serving
companies with multibillion-dollar portfolios in the construction,
real estate, manufacturing, medical device and technology sectors
as an extension of their risk management departments.
By joining forces with PCF Insurance, the DLD team will now be
able to further expand their risk management and insurance
solutions offered to clients through increased market access,
in-house risk management and claims advocacy, and exclusive
programs.
With an expressed goal to add $50
million in EBITDA from M&A by year-end and to double the
size of the company in the next five years, PCF Insurance continues
building its M&A pipeline with strategic acquisitions that
strengthen its core property and casualty (P&C) and health and
benefits (H&B) business in key markets, deepen its in-house
experience implementing risk management and loss control solutions
within growing industries, and maintain healthy, long-term
profitability.
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 space, ranking #19 on Business
Insurance's 2024 Top 100 Brokers and #14 on Insurance
Journal's 2024 Top Property/Casualty Agencies.
Visit pcfins.com for more information.
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SOURCE PCF Insurance Services