LEHI, UT, September 20, 2022 /PRNewswire/ — PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, has acquired Peak Performance Team (PPT), a niche finance and insurance (F&I) broker based in Caroline from the south offering tailored packages to car dealerships across the United States.
The primary focus of PPT is extended warranties, vehicle maintenance contracts, GAP, and several ancillary products to enhance a dealership’s service offerings.
“We are thrilled to partner with Peak Performance,” said Peter C. Foy, Chairman, Founder and CEO of PCF Insurance. “With PPT’s proven custom tools and products for automotive dealerships, PCF is further establishing itself as a national player in the F&I space. We look forward to working with PPT as they grow.”
PCF Insurance constantly seeks an optimal balance between the spirit of enterprise and collaboration with each partner agency. PCF Insurance Services leverages a powerful combination of autonomy and agency partner resources to drive strategic growth and collective success for all.
“We weren’t looking for a buyer, we were looking for a partner,” R. Michael Burgholzer, President of the Peak Performance team. “Our goal was to find an investor who would provide us with the resources and capital to help us scale to the next level. Partnering with PCF brings those resources and more.”
Terms of the agreement were not disclosed.
So far in 2022, PCF Insurance has completed or has completed under the Letter of Intent 112 acquisitions, continuing its pace of industry-leading mergers and acquisitions. PCF Insurance’s well-diversified revenue stream continues to enable its strategic investments in building technology and infrastructure to support the significant expansion of its network.
About the Peak Performance Team
Peak Performance Team, a national leader in F&I options, is a concierge provider of custom tools for independent car dealerships across United States. PPP offers customized products for extended warranties, vehicle maintenance contracts, GAPs and ancillary products, such as cosmetic tires and wheels, environmental, theft protection, maintenance, lease protection and combo packs. Learn more about peakperformanceteam.com.
About PCF Assurance Services
One of the top 20 US brokers headquartered in Lehi, Utah, CPF Insurance Services is a leading full-service insurance brokerage and advisory firm offering a wide range of commercial, life and health, employee benefits and workers’ compensation solutions. Powered by its people, CPF The insurance agency-centric operating model and entrepreneurial environment support its formidable growth profile, providing partners with alignment through equity ownership, significant leadership incentives and resources to more than 3,100 employees across the United States Ranked #20 on business insurance 2022 Top 100 Brokers and #13 on insurance journal Top P&C agencies 2022, CPF Insurance is a notable leader in the field of insurance. Learn more about pcfins.com.
SOURCE PCF Insurance services