PCF Insurance Services, a leading U.S. insurance brokerage, has announced the acquisition of the insurance business of 360 Insurance. This strategic move aligns with PCF Insurance’s ongoing expansion in key markets, particularly Las Vegas.
While financial details of the transaction were not disclosed, the acquisition is a significant step toward PCF Insurance’s goal of increasing its EBITDA by $50 million by the end of 2024.
360 Insurance, a well-established Las Vegas-based firm, offers a diverse range of insurance solutions, including auto, home, commercial, and life insurance. With a strong reputation for exceptional service, 360 Insurance’s clientele will now benefit from PCF Insurance’s expanded coverage options, competitive pricing, and additional services like risk management and claims advocacy.
Brooke K. DeWyze, PCF Insurance’s Chief Development Officer, expressed enthusiasm for the acquisition, highlighting 360 Insurance’s shared commitment to service excellence and growth. “This partnership perfectly complements our Las Vegas market expansion strategy,” DeWyze stated.
The acquisition marks another milestone in PCF Insurance’s M&A strategy, which has been instrumental in its rapid growth. By joining forces with client-focused businesses like 360 Insurance, PCF Insurance is strengthening its position in the insurance industry and delivering enhanced value to its growing client base.
