Pcf Insurance Services Acquires Ohio-Based Insurance Program Administrator Lawrence Victoria, Inc.
Oct 04, 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, has acquired Lawrence Victoria, Inc., a national program administrator that provides loan servicers with lender-placed insurance, insurance tracking, and blanket insurance to organizations of all sizes across the United States.
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