Lehi-based PCF Insurance Services (PCF), an insurance brokerage firm that has announced numerous acquisitions in recent months, has acquired two more companies. Zinc, a commercial-focused insurance agency based in Solon, Ohio, and Professional Warranty Service Corp. (PWSC), a specialty insurance and home warranty company based in Chantilly, Virginia, are the latest to join the PCF family.
Founded in 2008, Zinc specializes in insurance and risk management solutions for the trucking, construction, contracting and motorsports industries.{mprestriction ids="1,3"}
“We are excited to have Zinc join PCF as an agency partner,” said Peter C. Foy, chairman, founder and CEO of PCF Insurance. “Zinc is based on an innovative, technology-driven business model providing complete transparency, high marketing performance and an ability to connect with their clients and carriers, all being well-aligned with PCF’s partner-centric culture.”
“We built Zinc to perpetuate from Day One,” said Seth Zaremba, founder and principal of Zinc. “We are continually investing in the business because we want to be an attractive option for people who have helped build us and who will increase our value to customers and accelerate growth. PCF will allow me to continue expanding and be a part of something amazingly bigger with awesome people.”
Founded in 1995, PWSC is a nationally recognized provider of risk management solutions specializing in the new home construction and property management industries. As a managing general agent, PWSC provides expertise, products and services to builders, insurance carriers, brokers, agents, property management firms, homeowners, and renters. PWSC offers a complete line of structural and appliance warranty products and solutions for property managers and residential builders.
“We are excited about the addition of PWSC to the PCF family,” said Foy. “PWSC has an impressive record of building unique and meaningful warranty-based risk management solutions for home builders, institutional investors, and property managers. Their innovation and commitment to mitigating risk aligns with a holistic solutions approach that is core to PCFs value proposition and will be beneficial to other agency partners and clients within the PCF network.”
“Joining the PCF family allows PWSC to continue its long tradition of combining insurance and warranty services to bring complete risk management solutions to high-risk industries,” said Tyler Gordy, president and CEO of PWSC. “We are confident this partnership will yield new opportunities to bring innovative solutions to our clients and accelerate our growth.”
Terms of the two transactions were not disclosed.{/mprestriction}
