PCF Insurance coverage Providers has accomplished two acquisitions: Hipskind Seyfarth Threat Options in Chicago, and Braodfield Group, dba Warwick Useful resource Group in New York.
Based on a launch, the administration groups at each Hipskind Seyfarth and Broadfield had been drawn to the expansion potential they’d expertise as companions of PCF.
“We’re delighted so as to add the professionals at Hipskind Seyfarth and Broadfield into the PCF household,” mentioned PCF CEO Peter Foy.
Foy added that the acquisition enhances PCF’s expertise pool and expands the corporate’s nationwide footprint.
“Not solely has the partnership with these companies introduced us years of trade information, expertise and management, it has additionally offered us the chance to develop into new geographies with workplaces now within the Midwest and Northeast,” the chief defined.
Each acquisitions had been made doable due to PCF’s partnership with non-public funding agency BHMS Investments, a launch mentioned. The partnership, which started in 2017, targeted on rising PCF by means of retail company acquisitions.
Learn extra: PCF Insurance coverage completes 4 acquisitions and refinances
Final yr, PCF accomplished 4 acquisitions, these of: R.L. Milsner, Inc. Insurance coverage Brokerage; Senex Insurance coverage Providers, Inc.; Stratton Company; and Clark & Associates of Nevada, Inc.
Across the identical time, PCF additionally efficiently accomplished a recapitalization, which might assist the brokerage agency with its future development and acquisition plans.