PCF Insurance Services Acquires Agency in Colorado
- August 12, 2019
PCF Insurance Services Enters Colorado with the Acquisition of Colorado Insurance Sales & Service
WOODLAND HILLS, CA -- PCF Insurance Services ("PCF" or the "Company") has completed the acquisition of Silver Cloud Insurance Agency, Inc. d/b/a Colorado Insurance Sales & Service ("Colorado Insurance") located in the Denver metro-area city of Littleton, CO.
Peter Foy, Chief Executive Officer of PCF, said, "The team at Colorado Insurance fits perfectly with PCF's culture. We are excited to partner with such a dynamic, sales-oriented agency while also expanding our footprint into Colorado."
Colorado Insurance will continue to be led by Michael Mathisen, who built the agency into one of the top independent brokers in Colorado by consistently achieving double-digit organic growth. The agency's personal lines property & casualty expertise will serve as a perfect complement to PCF's broader commercial lines practice. The agency, which is active in ten states, plans to add to their existing base of over 100 producers as a result of the transaction with PCF.
In February 2017, PCF partnered with BHMS Investments, LP to accelerate the Company's growth through a series of retail agency acquisitions. BHMS is a private investment firm located in New York with a track record of success in aggregation strategies, including insurance brokerage.