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.