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PCF Insurance Acquires Belter Insurance Agency
Sica | Fletcher advises R.A. Belter Insurance Agency, Inc. (“Belter”) in its sale to
PCF Insurance (“PCF”).


Overview of Transaction

  • Headquartered in Orland, California, Belter is a retail insurance agency specializing in recreational marine property and casualty (“P&C”) insurance.

  • Utilizing strong relations with dealer networks, manufacturers and trade associations, Belter has enjoyed steady organic growth in the niche recreational marine and boat dealer industry.

  • PCF is a leading retail insurance brokerage with a diverse offering of commercial lines, personal lines, and employee benefits products serving more than 220,000 clients. Now a top 20 broker, PCF anticipates closing out the year with nearly $400 million in revenue and over 1,700 employees.

Significance of Transaction

  • The acquisition of Belter allows PCF to expand its global service offerings tailored for the recreational marine and boat sector.

  • Belter will have the opportunity to cross-sell its offerings within PCF's extensive network of clients. 

Sica | Fletcher's Role 

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Belter and explored multiple options for the firm before Belter elected to partner with PCF.

  • The transaction builds on Sica | Fletcher's track record of success and relationships with the most prolific acquirers in the space.

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