PCF Insurance Services (“PCF”), a leading national full-service insurance brokerage, today announced the strategic new hire of Felix Morgan as Chief Financial Officer. Morgan is an experienced financial executive with extensive background driving profitable growth within multibillion-dollar Fortune 500 and Fortune 50 companies. “Felix Morgan has a valuable professional background that aligns precisely with the needs and growth trajectory of
In the U.S., HGGC’s current insurance holdings include Pearl Holding, a non-standard auto managing general agent; Integrity Marketing Group, a leading life and health insurance distributor focused on the senior market; and PCF Insurance, a full-service insurance brokerage firm that provides complete risk management and employee benefits solutions.
Also noteworthy is the rise of PCF Insurance as an active buyer as it recorded 22 acquisitions to date in 2020, compared with four in the same period in 2019.
“As we continue to grow our portfolio and build value in our companies, we’re very excited that we have been able to continue to recruit and retain some of the industry’s best talent,” said Rich Lawson, Chairman, CEO and Co-Founder of HGGC. “These promotions and additions come only five months after a similar growth announcement, and we see no slowdown
PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired two brokerages based in the Eastern U.S. The brokerages that have joined PCF include: First Fidelity Brokerage, a New York City-based full-service property & casualty insurance broker with a core focus on the education, construction, finance and real estate sectors Moulton Insurance, a Western Massachusetts-based broker offering auto, home
PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired Avidity Insurance, an Overland Park, Kansas-based independent insurance agency founded in 2013 by Will Wilson. Avidity offers home, auto, business, life and specialty insurance products and services. Founded in 1987, PCF is a full-service insurance brokerage firm which provides complete risk management solutions with a broad array of property/casualty,
PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired Horizon Insurance, a Bradenton, Fla.-based provider of personal, commercial and financial services insurance. Horizon Insurance is an independent agent started in February 2004 when Lori P. Augustyniak purchased the Gehrich Agency. The acquisition was one of four completed by PCF in the last three months, in addition to the nine it
PCF Insurance, a commercial insurance brokerage backed by middle market private equity firm HGGC, has officially bucked the pandemic-related broker M&A slump, sealing four deals since April 01. PCF been on the acquisition train for many months. The four regional deals announced today – the first set made since HGGC invested in the business in April – add to the nine
HGGC, a leading middle market private equity firm, today announced that it successfully assisted portfolio company PCF Insurance (“PCF”) in the acquisition of four regional brokerages since HGGC invested in the business in April. The four acquisitions, in addition to the nine completed since January 1, will diversify PCF’s product expertise, add great talent to the organization and expand its
Peter C. Foy & Associates Insurance Services has acquired four brokerages in the last three months, the company announced Wednesday: First Fidelity Brokerage in New York City; Horizon Insurance in Bradendon, Fla.; Moulton Insurance in Western Massachusetts; and Avidity Insurance in Kansas. Foy & Associates has been buying small, independent brokerages at a breakneck clip as of late – including the four