Virginia-a leading provider of home security products complementing PCF Insurance’s growing real estate and construction sector.
LEHI, Utah, Oga. 4, 2022 /PRNewswire/ — PCF Insurance Services (PCF), a top 20 US insurance company, announced today that it will acquire Professional Warranty Service Corporation (PWSC), a specialty insurance and home warranty company. Chantilly, Virginia.
Founded in 1995, PWSC is a world-renowned provider of risk management solutions specializing in the new construction and asset management industries. As a general manager (MGA), PWSC provides expertise, products and services to builders, insurance carriers, brokers, agents, property management companies, landlords, and lenders. PWSC offers a complete line of design products and electrical equipment and solutions for property managers and builders.
“We are excited about the addition of PWSC to the PCF family,” he said Peter C. Foy, Chairman, Founder, and CEO of PCF Insurance. “PWSC has an impressive track record of building unique risk management solutions that come from assurance to real estate developers, institutional investors, and asset managers. Their creativity and commitment to risk reduction is matched by solutions that are central to the thinking of PCF and will. be beneficial to Agency Partners and clients in the PCF network.”
The partnership expands PCF’s portfolio of offerings, expands its presence in the real estate and construction industry and increases the company’s ability to provide unique risk management solutions. This prestigious partnership with PWSC is a sign of PCF’s strategy of connecting with exceptional business leaders who have a proven track record of growth and success, who are highly entrepreneurial, and who are committed to pursuing an aggressive growth strategy.
“Joining the PCF family allows PWSC to continue its long tradition of integrating insurance and assurance services to bring comprehensive solutions to high-risk companies,” he said. Tyler Gordy, President and CEO of PWSC. “We believe this partnership will provide new opportunities to bring innovative solutions to our customers and accelerate our growth.”
PCF Insurance did not disclose the details of the incident.
So far in 2022, PCF Insurance has completed or has 66 acquisition letters, continuing its leading M&A trend.
About Professional Warranty Service Corporation (PWSC)
For nearly 30 years, PWSC has protected home builders and home buyers with solutions. As the real estate market has changed and business needs have changed, so has PWSC. What began in 1995 as a small company providing construction management services has grown into a comprehensive portfolio of new home and rental property programs. PWSC has protected more than two million people since its inception. Find out more at pwsc.com.
About PCF Insurance Services
Headquarters at Lehi, Utah, PCF Insurance Services is a leading full services and insurance company offering a wide range of commercial, life and health, employee benefits, and compensation solutions. A top 20 broker in the US, PCF Insurance’s corporate governance and business environment supports its growth, providing peer-to-peer connections through ownership, leadership incentives, and support to more than 2,500 employees in the US Learn More on pcfins.com.
SOURCE PCF Insurance Services