PCF Acquires Avidity Insurance
Sica | Fletcher guides Avidity Insurance in its sale to PCF Insurance Services.
Overview of Transaction
Established in 2013, Avidity Insurance (Avidity) is a personal-lines focused retail insurance agency located in Overland Park, Kansas.
Led by a young, production-oriented leadership team, Avidity is one of the fastest growing independent insurance brokers in the Kansas City area.
PCF Insurance Services (PCF) is a rapidly growing full-service insurance brokerage backed by HGGC, a leading middle‐market private equity firm with $4.3 billion in cumulative capital commitments.
Significance of Transaction
The acquisition strengthens PCF’s presence in the Midwest market, while further expanding the immediate growth strategy both PCF and Avidity share.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as strategic and financial advisor to Avidity. Through a collaborative approach, multiple options were explored for the firm culminating in a sale to PCF.
The Avidity transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.