HGGC Acquires PCF Insurance
April 1, 2020
HGGC, a Palo Alto-based middle-market private equity firm, has completed the acquisition of PCF Insurance, a Woodland Hills, California-based full-service insurance brokerage. Management, employee owners and existing investor BHMS Investments retained minority stakes; HGGC said it will use its insurance and M&A experience to accelerate PCF's aggressive add-on acquisition strategy and organic growth.
- Buyers
- HGGC
- Targets
- PCF Insurance
- Sellers
- Existing PCF shareholders (management and employee owners), BHMS Investments
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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