US insurance brokerage PCF Insurance Services has further expanded its market presence in the US with the purchase of Top Insurance Associates’ insurance business.
Financial details of the transaction remain undisclosed.
The latest acquisition is the 15th for PCF Insurance this year.
Based in Snohomish, Washington, Top Insurance Associates has around three decades of experience and offers personal and commercial insurance solutions.
The insurance agency serves individuals and businesses across the six US states of Arizona, California, Colorado, Idaho, Oregon and Washington.
The Top Insurance Associates team will now integrate into PCF Insurance’s Fortiphi Insurance.
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By GlobalDataThis integration is said to factor in the two businesses’ geographic nearness and complementary services.
This collaboration is also projected to help the companies offer more value to their customers in Washington and the broader Pacific Northwest area.
PCF Insurance chief development officer Brooke DeWyze said: “Our acquisition of the Top Insurance Associates team aligns with our strategy to grow within target markets and specific industries.
“Top Insurance Associates is positioned for significant growth, and we are excited to work with the team to expand their capacity and build on their success.”
PCF Insurance, based in Lindon, Utah, has a workforce of more than 5,000 across the US.
The company provides commercial and personal lines, employee benefits, life and health, as well as workers’ compensation insurance solutions.
It is focused on partnering with successful businesses looking to expand and improve their service offerings.
The company says that businesses joining its portfolio can maintain their local relationships while gaining access to broader risk management and insurance solutions.
This approach preserves the community-centric ethos while scaling capabilities, it adds.
Last month, PCF Insurance acquired the insurance business of Kentucky Health Solutions, which offers health and life coverage.
