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.
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
