PCF Insurance Services, a top 20 U.S. insurance brokerage, has announced its acquisition of the insurance business of 360 Insurance.
The acquisition aligns with PCF Insurance’s growth strategy, particularly its focus on expanding in key markets like Las Vegas.
The financial terms of the deal were not disclosed, but the acquisition is part of PCF Insurance’s broader goal to increase its EBITDA by $50m by the end of 2024.
360 Insurance offers a variety of insurance solutions, including auto, home, commercial, and life insurance. With strong roots in the Las Vegas Valley, the company has built a reputation for providing superior service and trust over its long history.
The acquisition by PCF Insurance is expected to provide 360 Insurance clients with expanded coverage, competitive pricing, and access to PCF’s additional services, including risk management and claims advocacy.
PCF Insurance, headquartered in Utah, is a leading insurance brokerage that has grown rapidly through its M&A strategy.
The company focuses on providing a wide range of insurance solutions for both businesses and individuals. 360 Insurance, based in Las Vegas and licensed throughout the United States, has been offering personal and business insurance solutions for over 75 years.
The acquisition is a strategic move by PCF Insurance to enhance its in-house capabilities and expand its presence in key industry verticals. By joining forces with client-focused businesses like 360 Insurance, PCF is well-positioned to deliver enhanced value to its growing client base.
Brooke K. DeWyze, PCF Insurance’s Chief Development Officer, commented, “360 Insurance was founded on the principles of superior service, trust and experience, which have served as the foundation for their continued success. We’ve identified Las Vegas as a priority market within our M&A strategy, and it became clear through our conversations with 360 Insurance that the team shares PCF Insurance’s commitment to extraordinary service and growth. Between their service-oriented culture and the markets they serve, 360 Insurance really is the perfect fit.”
PCF Insurance continues to actively pursue its M&A strategy, seeking to acquire client-focused businesses and expand its industry expertise.
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