Peter C. Foy & Associates Acquires the Broadfield Group

Sica | Fletcher advises one of the largest privately-held agencies in New York, the Broadfield Group, in its sale to Peter C. Foy & Associates

Overview of Transaction

  • Founded and family owned since 1866, the Broadfield Group is one of oldest full-service insurance agencies in the country.

  • Broadfield is a leader in the Construction, Technology, Agriculture, Restaurant, Municipality, Professional and the Garage/Auto industries.  

  • The Broadfield Group agreed to be acquired by Peter C. Foy & Associates, a major brokerage based out of California.


Significance of Transaction

  • The Broadfield Group acquisition expands PCF’s presence in the east coast marketplace, while providing Broadfield Group a robust distribution platform

  • Brought two dominant, award-winning agencies from each coast together to further scale.

Sica | Fletcher's Role

  • The Broadfield Group engaged Sica | Fletcher to explore multiple strategic options for the firm.

  • This transaction builds on Sica | Fletcher's track record of successful deals across the insurance space.

  • This transaction further highlights our ability to forge strong, value-add partnerships coast to coast.

#1 Mistake Agency Owners Make When Selling Their Business

Click below to access our newest video where Sica | Fletcher Partner, Mike Fletcher, lays out the top mistake for CEOs to avoid.

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