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

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

November 2, 2021

Insurance

PCF Insurance Services completed a management- and partner-led buyout from sponsor HGGC, led by CEO Peter C. Foy and partner investor Owl Rock (a division of Blue Owl), with strategic advisory support from Sica Fletcher. The transaction values PCF at more than $2.2 billion, included financing in excess of $1 billion, and leaves HGGC with a minority stake as PCF pursues continued growth.

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 Apple Insurance and Financial Services

August 24, 2022

Insurance

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired Florida-based Apple Insurance and Financial Services, an individual health and Medicare-focused insurance agency based in South Florida. Terms were not disclosed; the deal expands PCF's Agency Partner footprint and strengthens its presence in the competitive Florida individual health and Medicare market.

PCF Insurance Services Acquires Asset Insurance Agency Team

August 16, 2024

Insurance

PCF Insurance Services has acquired the insurance business/team of Asset Insurance Agency, a Peabody, Massachusetts-based independent agency. The deal expands PCF's property & casualty and life/health capabilities in the New England market and adds a small experienced team to support PCF's goal of growing EBITDA through M&A.

PCF Insurance Services Acquires A Insurance Agencies

August 9, 2022

Insurance

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired A Insurance Agencies, which operates locations in Syracuse, Kaysville and Marriott-Slaterville, Utah. The deal brings A Insurance's ~5,000 clients into PCF's agency partner network; financial terms were not disclosed.

PCF Insurance Services Acquires John E. Peakes Insurance Agency, Inc.

August 18, 2022

Insurance

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, acquired Ventura-based John E. Peakes Insurance Agency, Inc., a family-owned personal and commercial lines agency. The acquisition expands PCF's presence and scale in Southern California and broadens its portfolio into niche small-business markets such as gyms, restaurants, and apartment buildings.