Pcf Insurance Services Announces Acquisition Of Business Insurance Broker, Voluntary Benefits At Work
Nov 29, 2022•about 3 years ago
Acquiring Company
PCF Insurance Services
Acquired Company
PCF Insurance Services
Description
PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced today its acquisition of Voluntary Benefits at Work ([email protected]). This insurance brokerage group designs and implements voluntary employee benefits solutions. [email protected] combines state-of-the-art benefits analysis, communication, enrollment, billing, and support services, providing a strategic competitive advantage for the company across the benefits industry.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed