M&A Deal Summary

PCF Insurance Acquires Professional Warranty Service

On August 4, 2022, PCF Insurance acquired insurance company Professional Warranty Service from Kingsway Financial Services

Acquisition Highlights
  • This is PCF Insurance’s 12th transaction in the Insurance sector.
  • This is PCF Insurance’s 12th transaction in the United States.
  • This is PCF Insurance’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-08-04
Target Professional Warranty Service
Sector Insurance
Buyer(s) PCF Insurance
Sellers(s) Kingsway Financial Services
Deal Type Divestiture

Target

Professional Warranty Service

Chantilly, Virginia, United States
Professional Warranty Service is a provider of new home warranty products and administration services to residential construction firms. The warranty coverage provides for impartial third-party arbitration, with multiple layers of protection for all parties and transferability among homeowners. Professional Warranty Service was founded in 1995 and is based in Chantilly, Virginia.

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Buyer(S) 1

Buyer

PCF Insurance

Woodland Hills, California, United States
Category Company
Founded 1987
Sector Insurance
DESCRIPTION

PCF Insurance is a full-service insurance brokerage firm that provides complete risk management solutions with a broad array of property & casualty, life and health, employee benefits, and workers' compensation insurance products. PCF was formed in 1987 and is based in Woodland Hills, California.

DEAL STATS #
Overall 12 of 20
Sector (Insurance) 12 of 19
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 12 of 20
Year (2022) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Zinc

Solon, Ohio, United States

Zinc is a commercial-focused insurance agency that specializes in insurance and risk management solutions for the trucking, construction, contracting, and motorsports industries. Zinc was formed in 2008 and is based in Solon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 A Insurance

Syracuse, Utah, United States

A Insurance is a full-service personal lines insurance provider specializing in life, home, auto, and business. A Insurance was founded in 1981 and is based in Syracuse, Utah.

Buy -

Seller(S) 1

SELLER

Kingsway Financial Services

Chicago, Illinois, United States
Category Company
Founded 1989
Sector Consumer Services
Employees397
Revenue 108M USD (2023)
DESCRIPTION

Kingsway Financial Services is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. Kingsway Financial Services was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Geminus Holding Company

Wilkes-Barre, Pennsylvania, United States

Geminus Holding Company, Inc. is a specialty, full-service provider of vehicle service contracts ("VSCs") and other finance and insurance ("F&I") products to used car buyers around the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 CSuite

Manhattan Beach, California, United States

CSuite is a national, financial executive services firm providing financial management leadership to companies in every industry. CSuite is based in Manhattan Beach, California.

Buy $9M
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