ACQUISITIONS AND MERGERS
It is often said that “bigger is better”. This concept however can be disastrous when applied to an insurance agency focused only on growth. A key component of the Pacific Crest Independent Insurance Alliance business plan is controlled growth. Our Alliance successes can be wholly attributable to our focused merger and acquisition strategies of regional targeting and partnering with those agencies that fit the Pacific Crest culture. Based upon this strategy, Pacific Crest is currently licensed and operating in 13 states, has approximately 150 agents and is actively seeking merger and acquisition opportunities that benefit both the alliance and the agency.
With a consistent goal of becoming a larger, stronger, national insurance alliance with a strong focus on the agent, the customer and our employees, the following merger and acquisition opportunities currently exist at Pacific Crest:
Pacific Crest’s core competency resides in agency mergers. As the backbone of the Alliance, we strive to provide our agencies unmatched services, compensation and a level of mutual trust and respect that is often lost between the insurance agent and the organization. In addition, Pacific Crest agencies can expect the following support and benefits:
- Broad access to national insurance carriers
- No carrier or broker production requirements
- Unparalleled back office support to minimize or eliminate your office overhead
- Full access to industry leading technology: Client Management Systems, Multi-Raters & Cloud Computing
- Industry leading compensation typically reserved for the largest organizations & producers
- And, a built in succession plan to eliminate any future uncertainty with your business
Pacific Crest is always interested in discussing opportunities to acquire retail agencies in our geographical footprint that match our culture. We are interested in a wide variety of agency operations, including personal lines, benefits and commercial lines agencies. If you are looking for a perpetuation plan for your agency, Pacific Crest has numerous opportunities available to assist you. Our ideal agency acquisition has the following:
- Minimum of $1 Million in agency premium
- Focus on Property & Casualty personal lines
- Predominantly preferred carrier business
The Pacific Crest Alliance growth initiative is based upon a strong business platform that is fully complemented by agency mergers and acquisitions. We believe in strategic growth and we are always interested in entertaining mergers and acquisitions that benefit both the Alliance and agency or seller’s financial and business objectives. If you are an agency owner or Principal, please contact us if you would like to learn more about our Alliance opportunities.
Meet Our Most Valuable Player
Pieters Insurance - Minden, Nevada
— A small community of just more than 3,000 residents east of the southern tip of Lake Tahoe, Minden, Nevada, is a quiet little town in the heart of the Carson Valley.
For just about a quarter of a century, Alex Pieters was one of a handful of police officers in the county seat of Douglas County.
Knowing the community as he does, it made sense that Alex would hang his shingle in this community that once boasted it was a getaway destination for some of the biggest names in Hollywood, including Clark Gable and Jean Harlow.
Alex understands that to succeed in a small town, being competitive with price is important.