PCF Insurance Services, a massive brokerage firm from Utah, has acquired Zinc, a professional-concentrated insurance plan agency primarily based in Solon.
Conditions weren’t disclosed.
Zinc, founded in 2008, specializes in insurance coverage and danger management solutions for the trucking, development, contracting and motorsports industries, according to a news release from Lehi, Utah-centered PCF saying the offer.
The launch didn’t deliver worker quantities or once-a-year revenues for Zinc, and a spokeswoman reported the privately held organization does not share these quantities. The employees site on Zinc’s web page lists 14 folks. Zinc describes alone an an company that is “building a new way to operate with and for men and women driven by a small business philosophy rooted in artwork, chemistry and engineering.” (Examine additional about that here.)
Peter C. Foy, chairman, founder and CEO of PCF, mentioned in a assertion that Zinc “is dependent on an revolutionary, engineering-driven company product supplying complete transparency, large marketing efficiency and an capability to hook up with their clientele and carriers, all getting effectively-aligned with PCF’s lover-centric culture.”
Seth Zaremba, founder and principal of Zinc, claimed the deal will empower the company to proceed a expansion trajectory that started 14 years ago when he was marketing insurance policies out of a small business office in Solon.
“We developed Zinc to perpetuate from day a single,” Zaremba explained. “We are constantly investing in the enterprise due to the fact we want to be an appealing alternative for people who have served develop us and who will increase our benefit to clients and speed up expansion. PCF will allow me to carry on increasing and be a component of a little something incredibly even bigger with great men and women.”
PCF, which describes itself as “a leading 20 U.S. broker.” has additional than 2,500 employees nationwide. This listing from Insurance plan Journal of the 100 major impartial house/casualty organizations in the U.S. places PCF at No. 20, with 2020 revenues of $176 million.
