PCF Insurance Services Acquires East Coast Insurance Group
Sica | Fletcher advises East Coast Insurance Group in its sale to PCF Insurance Services.
Overview of Transaction
Located in Nokomis, Florida, East Coast Insurance Group, LLC (ECIG) was founded in 1999 and is a specialist insurance broker to the automotive industry.
The Company serves the automobile sales & services industry, with significant blocks of Auto Recycling, Towing, Dealer, Garage, and Bodyshop business.
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 of ECIG allows PCF to further expand its market presence in the automotive sector.
Sica | Fletcher's Role
Sica | Fletcher served as exclusive strategic and financial advisor to ECIG.
This transaction further bolsters Sica | Fletcher's strong reputation with top-tier investors in the insurance sector.