News

30
Jul

PCF Insurance Services Acquires Horizon Insurance of Florida

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

Read more

22
Jul

PCF Insurance bucks trend with four pandemic acquisitions

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

Read more

22
Jul

HGGC Portfolio Company PCF Insurance Completes Four Acquisitions in Three Months Following Investment

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

Read more

22
Jul

Peter C. Foy & Associates Acquires Four Brokerages

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

Read more

1
Jul

BHMS Invests in Inszone Insurance Services

BHMS previously served as the first institutional investor in two similar insurance brokerage aggregation strategies:  The Hilb Group (“THG”) from 2011 – 2015 and PCF Insurance Services (“PCF”) from 2017 – early-2020.  Over the four-year span of BHMS’ investment, THG completed seventeen acquisitions across nine states, growing the company to $50 million in revenue and establishing the foundation for the

Read more

15
May

Private equity firm HGGC opens up on PCF Insurance acquisition

Private equity firm HGGC opens up on PCF Insurance acquisition.   HGGC, a middle market private equity firm, recently completed its acquisition of PCF Insurance, a full-service insurance brokerage based in Woodland Hills, California.  Founded in 1987, PCF is a growing retail insurance brokerage with a diverse offering of commercial lines, personal lines, and employee benefits products.  “We believe the key to success

Read more

1
Apr

HGGC Expands Team as Impressive Growth Continues

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

Read more

1
Apr

Private-Equity Firm HGGC, Co-Founded by Football Legend Steve Young, Buys PCF Insurance

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. 

8
Jan

CFOs On the Move: Week Ending January 8

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.   

17
Apr

PCF Insurance Services Acquires Grosslight Insurance in California

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

Read more