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Pcf Insurance Services Acquires Niche Louisiana Insurance Agency Oak Point Risk Advisors

Feb 01, 2023•almost 3 years ago

Acquiring Company

PCF Insurance Services

Acquired Company

PCF Insurance Services

LehiLehiHealth CareProfessional ServicesAdministrative ServicesHealth CareProfessional ServicesAdministrative Services

Description

PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, has acquired Oak Point Risk Advisors, a niche risk management and insurance agency focusing on commercial insurance for the maritime, oil and gas, and construction industries.

Company Information

Company

PCF Insurance Services

Location

W Executive Parkway

Lehi, Utah, United States

About

A top 20 U.S. insurance brokerage headquartered in Lindon, Utah, PCF Insurance Services of the West, LLC offers a broad array of commercial and personal lines, life and health, employee benefits, and workers' compensation insurance solutions. PCF Insurance's operating model and entrepreneurial environment support its tremendous growth profile, offering its businesses alignment through equity ownership, enhanced coverage solutions and capabilities for clients, and shared-services resources. With more than 5,000 employees across the U.S., PCF Insurance is a notable leader in the insurance brokerage space, ranking #19 on Business Insurance's 2024 Top 100 Brokers and #13 on Insurance Journal's 2024 Top Property/Casualty Agencies.

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M&A Insights

Based on deal data
Integration 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