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All Content Copyright 2020 - Sica | Fletcher LLC | 21 Green Avenue | Amityville, NY 11701

Peter C. Foy & Associates Insurance Services Acquires Kern Insurance Associates and sister company Eagle West Premier

Sica | Fletcher guides California-based Kern Insurance Associates, Inc. and sister company Eagle West Premier in their sale to Peter C. Foy & Associates Insurance Services.

Overview of Transaction

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  • Founded in 1926, Kern Insurance Associates (KIA) is one of the oldest insurance agencies in Kern County, California.

  • KIA serves over 2,900 clients, with a large block of construction and agriculture business, two sectors of strategic interest to Peter C. Foy & Associates Insurance Services (PCF). Eagle West Premier's (EWP) book is comprised of predominantly personal lines.

Significance of Transaction

  • Through KIA and EWP, Peter C. Foy & Associates Insurance Services substantially expands its presence in the California marketplace. The partnership creates long-term synergies due to their proximity and the seamless product fit.

  • The acquisition continues the rapid growth trajectory that PCF has experienced since it partnered with BHMS Investments, LP in February 2017.

Sica | Fletchers' Role

  • Kern Insurance Associates engaged Sica | Fletcher to serve as its exclusive strategic and financial advisor.

  • Sica | Fletcher explored several strategic options for KIA, ultimately culminating in a partnership with PCF.

  • This transaction further highlights Sica | Fletcher’s strong relationships with private equity firms and the brokerages they support. Sica | Fletcher previously represented PCF in its partnership with BHMS.