Nowadays, we’re a most sensible 20 US insurance coverage brokerage products and services corporate that serves greater than 465,000 shoppers via our just about 165 businesses* throughout 37 states. Whilst our collaborative construction permits PCF to offer our shoppers with complete products and services protecting industrial strains, private strains, worker advantages and chance control answers, our luck is simply as a lot about our humans as it’s the various functions we provide.
Insurance coverage is – and all the time will likely be – about relationships for us. For the reason that starting, PCF has focused our technique and results at the ambitions and wishes of our company companions. Our trade style is according to welcoming entrepreneurial, high-performing businesses who’re dedicated to sustained, long-term development. In flip, those businesses have the liberty, reinforce and latitude to concentrate on development and ship customized products and services to their shoppers.
To verify PCF stays a people-first trade, our control and companions got here in combination in November 2021 to shop for out our earlier monetary sponsor. The a hit buyout no longer handiest speeded up our development trajectory and additional differentiated us from our trade friends, it cemented our independence. The transaction additionally confident handiest operational and funding choices in the most productive pursuits of our company companions can be greenlighted these days, and at some point.
We intentionally selected a control buyout construction so lets focal point on development a longstanding, a hit trade with our companions. Our distinctive construction removes conflicts of passion and misalignment, which might be commonplace considerations when temporary Wall Side road traders and private-equity corporations personal and keep watch over a trade.
PCF Insurance coverage is over 75% owned by way of its company companions and worker workforce individuals. The corporate’s inventory acquire program supplies all workforce individuals the chance to shop for the similar inventory as our company companions. Moreover, each lively workforce member is eligible to take part within the corporate’s fairness appreciation program, and all house owners get pleasure from an annual liquidity program.
A couple of layers of accomplice councils and advisory forums force undertaking extensive decision-making and strategic enter to the company degree. Plus, the scale and scale of our community permits us to determine sturdy relationships with each regional and nationwide carriers to deploy client-optimized methods, aggressive charges and leading edge coverages delivered by way of the servicing workforce of our native agents.
Our collaborative mindset has earned PCF Insurance coverage a name as being a most well-liked accomplice for entrepreneurial-minded, growth-focused company house owners as a result of even if our companions are impartial, everybody has a stake within the luck of our group. Our place as probably the most handiest nationwide insurance coverage brokerages this is really partner-owned, partner-led and, basically, partner-centric gadgets us and strategically positions us to jointly excel.
PCF Insurance coverage’s aspiration to develop into the country’s premier insurance coverage brokerage and supplier of chance control products and services and era is rooted in our 3 core development blocks: new partnerships, company operations and a shared products and services style.
Our partnership style balances autonomy and synergy, as PCF empowers company companions to proceed to perform independently whilst offering get right of entry to to best-in-class shared products and services and development sources, assuaging a large number of the back-office duties. Our deep bench power of nationwide professionals permits company companions to collaborate and establish answers with different main businesses and frees them up to concentrate on what they do excellent – serve shoppers and develop their trade.
We imagine get right of entry to to our collective skills permits all company companions to accomplish at a excessive degree, ship year-over-year will increase in natural development, and retain shoppers.
The evidence of our construction is within the numbers. Since 2019, once we finished six acquisitions, PCF has skilled exponential development, finishing 36 acquisitions in 2000, with some other 89 recorded in 2021. This 12 months, we’re heading in the right direction to finish greater than 100 acquisitions.
In combination, we are development a multibillion-dollar group and imagine we are simply getting began. We’re extremely joyful to be ranked a most sensible 20 US dealer this 12 months, however we’re desirous about proceeding to climb the record even upper with our company companions serving because the catalyst propelling our development.
*As of June 30, 2022, and businesses below letter of intent