PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, has acquired Direct Dealer Services (DDS), an automotive finance and insurance (F&I) firm providing industry-leading technologies, products, solutions and training.
DDS offers national automotive dealers, agents, and lender partners innovative F&I programs that promote employee confidence, fewer regulatory risks, and improved customer sales and satisfaction.
“Direct Dealer Services has a strong foothold in a unique market,” said Peter C. Foy, Chairman, Founder and CEO of PCF Insurance. “The experience and knowledge that DDS brings will help position PCF as a leader in the F&I space and continue our geographical expansion of these product offerings.”
PCF Insurance has enhanced market access to national and regional carriers, providing value for its Agency Partners through a full spectrum of insurance and risk management solutions and program capabilities. Through collaboration, Agency Partners can focus on what they do best, knowing there is a support network of skilled professionals bringing forth industry knowledge and experience to provide world-class benefits design, insurance and risk management services.
“We are extremely pleased to become an Agency Partner of PCF Insurance Services,” said Pat Kane, Principal of Direct Dealer Services. “We look forward to continuing working with our customers while bringing substantial new resources, exciting new products, and an unmatched level of service.”
The terms of the deal were not disclosed.