PCF Insurance Services Management- and Owl Rock-led Buyout From HGGC

PCF Insurance Services Secures $500M Preferred Equity Investment Co-led by Carlyle Global Credit and HGGC

February 17, 2023

Insurance

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, received a $500 million preferred equity investment co-led by Carlyle Global Credit and HGGC, with participation from Owl Rock (a division of Blue Owl) and Crescent Capital. The transaction values PCF at $4.7 billion and will support continued growth of its agency-centric platform (PCF serves 415,000+ clients and employs ~3,100 across 38 states).

HGGC Acquires PCF Insurance

April 1, 2020

Insurance

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.

PCF Insurance Services Acquires 1 Source Business Solutions

September 29, 2022

Professional Services

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired 1 Source Business Solutions, a Salt Lake City-based professional employer organization (PEO) that provides payroll, benefits administration, HR compliance, and workers' compensation services. The acquisition expands PCF's service offering for its agency partners and enables deeper client relationships by adding complementary HR and payroll capabilities.

PCF Insurance Services Acquires Peak Performance Team

September 20, 2022

Financial Services

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired Peak Performance Team (PPT), a Surfside Beach, South Carolina–based finance & insurance (F&I) broker that provides extended warranties, vehicle service contracts, GAP and ancillary products to auto dealerships. The deal closed in mid‑July 2022 (terms undisclosed) and is intended to expand PCF's F&I product capabilities and national footprint.

PCF Insurance Services Acquires MK Insurance Group (Hoover, AL)

April 2, 2024

Insurance

PCF Insurance Services has acquired the insurance business of MK Insurance Group, a third-generation, family-owned commercial and personal-lines agency based in Hoover, Alabama. The deal gives PCF its first physical location in Alabama and expands the brokerage's specialty capabilities in construction, property management/commercial real estate and signage industries.

PCF Insurance Services Acquires 360 Insurance (Las Vegas)

August 22, 2024

Insurance

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of 360 Insurance, an independent agency based in Las Vegas, Nevada. The acquisition expands PCF's presence in the Las Vegas market and brings 360 Insurance's personal and commercial lines clients into PCF's broader platform and value-add services.