Premium Financing Specialists Inc. (PFS) has closed the acquisition of another Kansas City metro area-based premium finance company, Universal Premium Acceptance Corp. (UPAC).
The combined company of almost 300 employees will support approximately 13,000 insurance agent and broker clients and generate well over $4 billion in financed premium.
UPAC has been known in the industry for its focus on “Main Street” agencies, as well as its easy-to-use technology.
The company will maintain the UPAC headquarters site in Lenexa, Kan., as a branch office location.
Source: Premium Financing Specialists Inc.
Topics Mergers & Acquisitions
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