PCF Insurance Acquires Blue Ridge National
Sica | Fletcher advises Blue Ridge National, LLC (“Blue Ridge”) in its sale to
PCF Insurance (“PCF”).
Overview of Transaction
Headquartered just outside of Philadelphia, in Springfield, PA, Blue Ridge is a retail surplus lines risk and liquor liability insurance specialist.
The Company develops comprehensive insurance and risk management solutions for restaurants, bars, taverns, and related commercial exposures.
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 of Blue Ridge allows PCF to expand its global service offerings tailored for the hospitality sector.
Blue Ridge 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 Blue Ridge and explored multiple options for the firm before Blue Ridge 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.