PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and insurance packages to automobile dealers in the United States.
PPT, headquartered in Surfside Beach, South Carolina, provides custom tools for dealers, including auto warranties, service contracts on vehicles, guaranteed asset protection plans and other plans, the companies said in a news release. Michael Burgholzer is president of Peak Performance Team.
It’s the latest of 112 planned or executed acquisitions this year for PCF, which said it leads the industry in the pace of mergers and acquisitions. Headquartered in Lehi, Utah, PCF said it has a diversified revenue stream but focuses on consulting and insurance brokering for commercial, life and health, benefits and workers’ compensation programs. Peter Foy is chairman and founder.
PCF ranked number 13 on Insurance Journal’s 2022 Top Property/Casualty Agencies.
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Progressive Gains as Drivers Shop Around for Auto Insurance—Again 
UnitedHealth Says Hackers Possibly Stole Large Number of Americans’ Data 
AIG General Insurance Chairman McElroy to Retire May 1 
South Carolina Ringleader Sentenced to 8 Years for Staged Accidents 
