LEHI, Utah — PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced today its acquisition of John E. Peakes Insurance Agency, Inc., a family-owned, full-service personal lines agency based in Ventura, California.
The partnership allows PCF Insurance to expand its portfolio into niche markets in the high-growth small business industries, including gym and fitness, restaurants, and apartment buildings.
Marshberry advised John E. Peakes Insurance Agency, Inc. on the transaction.
“We’re delighted to welcome the John E. Peakes Insurance Agency, Inc. to PCF,” says Peter C. Foy, Chairman, Founder, and CEO of PCF Insurance. “They have a proven track record serving clients for over 50 years in high-growth niche markets and will provide PCF with additional scale in Southern California. President Chad Peakes is an outstanding young leader keenly focused on agency growth.”
PCF Insurance’s agency-centric operating model and entrepreneurial environment support its tremendous growth profile, offering Agency Partners alignment through equity ownership, significant leadership incentives, and resources throughout the U.S.
“PCF Insurance has allowed us to focus on our family of customers while looking toward future growth,” says Chad Peakes, President of John E. Peakes Insurance Agency, Inc. “PCF shares our core values, and the collaboration has been exhilarating.”
The terms of the deal were not disclosed.
In 2022, PCF Insurance has completed or has under a letter of intent 104 acquisitions, continuing its industry-leading mergers and acquisitions (M&A) pace.
Source: PCF Insurance Services
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