TLDR:

PCF Insurance Services has acquired the insurance business of 360 Insurance, aligning with its growth strategy to expand in key markets like Las Vegas. This acquisition is part of PCF Insurance’s goal to increase its EBITDA by $50m by the end of 2024. The acquisition will provide 360 Insurance clients with expanded coverage and access to additional services like risk management and claims advocacy.

Key Elements:

• PCF Insurance acquires 360 Insurance to expand in key markets like Las Vegas
• The acquisition aligns with PCF Insurance’s broader goal to increase EBITDA by $50m by the end of 2024

PCF Insurance, headquartered in Utah, is a top 20 U.S. insurance brokerage that focuses on providing insurance solutions for businesses and individuals. 360 Insurance, based in Las Vegas, has been offering personal and business insurance solutions for over 75 years. The acquisition is expected to enhance PCF Insurance’s in-house capabilities and industry presence.

Brooke K. DeWyze, PCF Insurance’s Chief Development Officer, highlighted that 360 Insurance’s commitment to service and growth aligns with PCF Insurance’s values. PCF Insurance continues to pursue its M&A strategy to acquire client-focused businesses and expand its industry expertise.