Premium Financing Specialists Inc. (PFS) has closed the acquisition of another Kansas City metro area-based premium finance company, Universal Premium Acceptance Corp. (UPAC).
The combined company of almost 300 employees will support approximately 13,000 insurance agent and broker clients and generate well over $4 billion in financed premium.
UPAC has been known in the industry for its focus on “Main Street” agencies, as well as its easy-to-use technology.
The company will maintain the UPAC headquarters site in Lenexa, Kan., as a branch office location.
Source: Premium Financing Specialists Inc. http://www.premiumfinance.com
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
