Overview of Transaction

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• Serving clients for over 45 years, Lawrence Victoria is a specialty program administrator headquartered in Solon, Ohio.

• The Company is primarily focused on lender placed insurance and blanket mortgage insurance solutions for financial institutions.

• The Company’s clients include banks, thrifts, mortgage servicers and investors across the United States.

• PCF is a leading retail insurance brokerage with a diverse offering of commercial lines, personal lines, and employee benefits products serving more than 420,000 clients. Now a top 20 broker, PCF anticipates closing out the year with nearly $750 million in revenue and over 3,500 employees.

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Significance of Transaction​

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• The acquisition of Lawrence Victoria provides PCF with an opportunity to expand outside of its core insurance revenue steams and to establish a Financial Institutions platform. This acquisition follows a string of “out-of-the-box” transactions for PCF.

• The transactions provides the Lawrence Victoria team with substantial opportunities to offer its products to other agencies within PCF's extensive national partner network. 

 

Sica | Fletcher's Role

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• Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Lawrence Victoria and explored multiple options for the firm before Lawrence Victoria elected to partner with PCF.

• The transaction builds on Sica | Fletcher's track record of success and relationships with the most prolific acquirers in the space.