PCF Insurance Services Acquires Ohio-based Wilber-Price Insurance Group
PCF Insurance Services (PCF), one of the top 20 U.S. insurance brokerage firms, has acquired Wilber-Price Insurance Group, a full-service independent insurance agency offering commercial and personal lines solutions, as well as specialty products, for home, auto, crop, life, business, and more in the southern Ohio region.
“Wilber-Price gives PCF Insurance strong leadership in an underrepresented geography,” said Peter C. Foy, Chairman, Founder, and CEO of PCF Insurance. “They have proven their ability to grow and now have the opportunity to collaborate with our expanding partner network to further accelerate their success.”
In support of its long-term, sustainable growth strategy, PCF Insurance is intentional in supporting Agency Partners growth through investments in resources, technology, and best-in-class talent who are looking to grow beyond their current capacity. 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 United States.
“We chose PCF Insurance because they provided the optimal situation for our people, clients, and the future of our business,” said John Wilber, Principal of Wilber-Price Insurance Group. “When a team has an equity stake in the performance of the business, attitude and overall performance will improve. And the career opportunities for our employees is something I would not have been able to achieve on my own.”
The terms of the deal were not disclosed.
To date in 2022, PCF Insurance has completed or has under the letter of intent 104 acquisitions, continuing its industry-leading M&A pace. PCF Insurance’s well-diversified revenue stream continues to enable its strategic investments in technology and infrastructure buildouts to support its significant network expansion.
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