On the heels of the firm’s busiest year to date and acquisition of PCF Insurance, the first investment from HGGC Fund IV, leading middle-market private equity firm HGGC today announced several team changes to support its rapid growth. “I’m proud to say careers are made at HGGC,” said Rich Lawson, Chairman, CEO, and co-Founder of HGGC. “We attract talent from some of the
The mergers and acquisitions market may be on hold but HGGC, the private-equity firm co-founded by football legend Steve Young, has closed its purchase of PCF Insurance. HGGC said April 1 that it acquired PCF, with management and PCF employees taking part in the deal. BHMS Investments and Madison Capital Funding are also reinvesting.
PCF Insurance Services hired Felix Morgan as chief financial officer. Morgan joins the insurance brokerage from telehealthcare and management platform CareXM, where he served as the CFO and chief operating officer. Before that, Morgan was the CFO at healthcare analytics and technology company Cotiviti.
PCF Insurance Services has completed the acquisition of Grosslight Insurance Inc., headquartered in the Westwood neighborhood of Los Angeles, Calif. Grosslight Insurance, with offices in Westwood and Rancho Cucamonga, was founded in 1950 by Gil Grosslight, who will remain active servicing clients. The Grosslight brand will continue under PCF’s stewardship. In 2017, PCF partnered with BHMS Investments LP to accelerate the its growth through a series of retail
PCF Insurance Services has completed its acquisition of insurance agency Grosslight Insurance in Los Angeles, CA. Grosslight Insurance was founded in 1950 by Gil Grosslight. With two locations in Westwood and Rancho Cucamonga, Grosslight is one of the top 20 brokers in Los Angeles, a release said. The agency’s property and casualty expertise will complement and enhance PCF’s employee benefits practice. “We are excited to partner
PCF Insurance Services has completed the acquisition of Grosslight Insurance, Inc., headquartered in the Westwood neighborhood of Los Angeles, CA. Peter Foy said, “We are excited to partner with such an iconic agency in the Los Angeles area as well as the broader insurance community. Our presence in Southern California is now one of the largest by any privately-held brokerage.” Grosslight Insurance, with offices in Westwood and Rancho
PCF Insurance Services moves into NY and Chicago areas with acquisitions. PCF Insurance Services has completed two acquisitions: Hipskind Seyfarth Risk Solutions in Chicago, and Braodfield Group, dba Warwick Resource Group in New York. “We are delighted to add the professionals at Hipskind Seyfarth and Broadfield into the PCF family,” said PCF CEO Peter Foy. Both acquisitions were made possible thanks to PCF’s
PCF Insurance Services is excited to announce that Dani Goldsmith has joined the Company as its Chief Operating and Chief Financial Officer. Dani will also serve as a Director on PCF’s Board of Directors. Peter Foy, Chief Executive Officer of PCF, said, “We are delighted to welcome a professional of Dani’s caliber into PCF. His leadership abilities and industry knowledge create tremendous
Woodland Hills, Calif.-based Peter C. Foy & Associates Insurance Services LLC has completed the acquisition of four agencies, three in California and one in Nevada. The acquisitions are R.L. Milsner Inc. Insurance Brokerage, Senex Insurance Services Inc., Stratton Agency, and Clark & Associates of Nevada Inc. R.L. Milsner offers personal and business insurance, as well as life and health. Senex Insurance Services offers a variety of insurance services, including
In February 2017, PCF partnered with BHMS Investments, LP to accelerate the Company’s growth through a series of retail agency acquisitions. BHMS is a private investment firm located in New York with a track record of success in aggregation strategies, including insurance brokerage. Peter C. Foy & Associates Insurance Services has completed the acquisition of R.L. Milsner, Inc. Insurance Brokerage. BHMS Investments,