Acquiring Company
PCF Insurance Services
Acquired Company
Zinc Insurance
Description
PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced today its acquisition of Zinc, a commercial-focused insurance agency based in Solon, Ohio. Founded in 2008, Zinc specializes in insurance and risk management solutions for the trucking, construction, contracting, and motorsports industries.
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