PCF Insurance (PCF), a full-service insurance brokerage that provides complete risk management and employee benefits solutions, has been acquired by HGGC. Management, employee owners, and existing investor BHMS Investments have retained minority investments.
PCF is based in Woodland Hills, CA and has offices throughout the US, and its 400+ employees serve more than 40,000 customers. Led by Founder and CEO, Peter Foy, PCF has grown more than 17x since 2017, fueled in part by a proven acquisition model that includes 18 add-ons since 2018.
HGGC, a leading middle-market private equity firm with $4.3B in cumulative capital commitments, is excited to partner with PCF's management team to help support and accelerate its organic and inorganic growth strategies and continued platform buildout.
Advising HGGC on its acquisition of PCF further demonstrates Waller Helms Advisors’ prominence as an advisor to industry leaders in the retail insurance brokerage sector. Other recent assignments include advising EPIC Insurance Brokers & Consultants on its acquisition of Prime Risk Partners, Heffernan Insurance Brokers on its sale of a minority stake to SkyKnight Capital, Relation Insurance Services on its sale to Aquiline Capital Partners, Propel Insurance on its recapitalization by Flexpoint Ford and Crystal & Company on its sale to Alliant Insurance Services.