PCF Insurance Services, a large U.S. brokerage handling commercial and personal lines, life and health, workers’ compensation and employee benefits, has acquired the insurance business of Kentucky Health Solutions.
It’s the 14th acquisition so far this year for Utah-based PCF, the company said in a statement. Kentucky Health Solutions, which has offered life and health plans and Medicare advisory services, will now become part of PCF’s Maverick Insurance Group, based in Louisville.
“Our acquisition of the Kentucky Health Solutions team speaks to our strategic focus on expanding our footprint in key markets with insurance businesses that deepen our bench strength across our industry verticals,” PCF Insurance CEO Felix Morgan said. “We want to ensure that every business we bring on has a long runway for growth ahead of them. By intentionally focusing on these types of transactions, we’re setting the stage for our long-term profitability.”
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
