PCF Insurance Services acquires DLD Insurance Brokers in major 2024 expansion

PCF Insurance Services, a leading player among the top 20 U.S. insurance brokerages, has announced a significant expansion with the acquisition of DLD Insurance Brokers. This marks PCF’s ninth substantial acquisition of 2024, reinforcing its strategy to bolster its market position and service offerings.

Strategic Acquisition Enhances PCF’s Market Presence

Felix Morgan, CEO of PCF Insurance Services, described DLD Insurance Brokers as a strategic acquisition perfectly aligned with the company’s M&A strategy. Morgan highlighted the deep expertise DLD brings, particularly in the construction and real estate sectors, which complements PCF’s existing capabilities. DLD Insurance Brokers, founded in 1989 in Irvine, California, has been a trusted advisor to companies with extensive portfolios in construction, real estate, manufacturing, medical devices, and technology, offering specialised risk management services.

The integration of DLD Insurance Brokers into PCF Insurance Services will enable the expanded company to enhance its risk management and insurance solutions. This merger is expected to provide clients with greater market access, improved risk management, and more robust claims advocacy services. Additionally, the acquisition aligns with PCF’s strategic goal to increase its EBITDA by $50 million through M&A activities by the end of the year, and to double its size within the next five years.

Expanding Solutions and Market Access

The recent acquisition follows another significant move by PCF Insurance Services: the purchase of Montalvo Insurance Agency. This acquisition allows PCF to extend its services to the public entity sector and enhance the solutions available to Montalvo’s clients. Clients can now benefit from improved coverage options, more competitive pricing, and increased market access. Montalvo’s team will also gain from the efficiencies and economies of scale resulting from PCF’s integration of support functions, including marketing, technology, human resources, and compliance.

Industry experts view this acquisition as a strategic move that will not only strengthen PCF Insurance Services’ position in the market but also enhance its ability to serve clients with complex needs. The merger with DLD Insurance Brokers is seen as a significant step towards achieving PCF’s ambitious growth targets, allowing it to leverage DLD’s expertise and resources to drive long-term profitability and expansion.