PCF Insurance Acquires Elliot Katzovitz Insurance
Sica | Fletcher advises Elliot Katzovitz Insurance (EKIA) in its sale to PCF Insurance
Overview of Transaction
Founded in 1994, EKIA is a retail insurance specialist located in California. The majority of EKIA’s business is with condo associations, apartments and planned unit developments.
EKIA is branded under HOAinsurance.com.
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 EKIA allows PCF to expand its global service offerings and to serve an even broader group of clients.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to EKIA and explored multiple options for the firm before EKIA elected to partner with PCF.
The EKIA transaction builds on Sica | Fletcher's track record of success and relationships with the most prolific acquirers in the space.