Pcf Insurance Services Acquires Specialty Mga Professional Warranty Service Corporation
Aug 04, 2022•over 3 years ago
Acquiring Company
PCF Insurance Services
Acquired Company
Professional Warranty Service Corporation (PWSC)
Description
PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced today its acquisition of Professional Warranty Service Corporation (PWSC), a specialty insurance and home warranty company based in Chantilly, Virginia.
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