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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
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Founded and family owned since 1866, the Broadfield Group is one of oldest full-service insurance agencies in the country.
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Broadfield is a leader in the Construction, Technology, Agriculture, Restaurant, Municipality, Professional and the Garage/Auto industries.
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The Broadfield Group agreed to be acquired by Peter C. Foy & Associates, a major brokerage based out of California.
Significance of Transaction
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The Broadfield Group acquisition expands PCF’s presence in the east coast marketplace, while providing Broadfield Group a robust distribution platform
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Brought two dominant, award-winning agencies from each coast together to further scale.
Sica | Fletcher's Role
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The Broadfield Group engaged Sica | Fletcher to explore multiple strategic options for the firm.
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This transaction builds on Sica | Fletcher's track record of successful deals across the insurance space.
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This transaction further highlights our ability to forge strong, value-add partnerships coast to coast.