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Announced

Completed

PCF Insurance Services completed the acquisition of Andreini & Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Majority

Domestic

Acquisition

Private

insurance agency

Insurance Brokers

Single Bidder

United States

Synopsis

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PCF Insurance Services, an insurance brokerage firm, completed the acquisition of Andreini & Company, a full-service insurance agency. Financial terms were not disclosed. "We are thrilled to welcome Andreini & Company and its team to the PCF family. The Andreini team has a notable history and stellar reputation within the industries and geographies it serves and possesses an entrepreneurial mindset that is reflective of their success. They bring a breadth of industry specializations, such as petroleum and agriculture, that will be beneficial to other agencies in the broad PCF network," Peter C. Foy, PCF Insurance Chairman, Founder and CEO.

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