PCF Insurance Services Acquires Andreini & Company: PCF Insurance Services

2022 JUL 22 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced its acquisition of Andreini & Company, a full-service insurance agency based in San Mateo, California.

Sherman & Company advised the Andreini team on the transaction.

Founded in 1951, Andreini & Company offers a complete spectrum of insurance products and solutions, with specialized expertise in industry niches such as agriculture, aviation, transportation, oil & gas, equine mortality, and more.

“We are thrilled to welcome Andreini & Company and its team to the PCF family,” said Peter C. Foy, Chairman, Founder and CEO of PCF Insurance. “The Andreini team has a notable history and stellar reputation within the industries and geographies it serves and possesses an entrepreneurial mindset that is reflective of their success. They bring a breadth of industry specializations, such as petroleum and agriculture, that will be beneficial to other agencies in the broad PCF network.”

PCF Insurance intentionally selects Agency Partners who independently emulate the high-growth PCF business strategy, possess a proven track record of success, are highly entrepreneurial, and are looking to rise above their current watermark.

“PCF and Peter are like us - a people-centric, family company dedicated to supporting our customers while striving for growth,” said Michael Colzani, Executive Vice President of Andreini & Company. “We’re confident this partnership will provide a pathway to long-term success through operational resources, new growth opportunities, and a network of knowledgeable colleagues.”

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