PCF Insurance Acquires Logic Underwriters Insurance
Sica | Fletcher advises Logic Underwriters Insurance (“Logic”) in its sale to PCF Insurance (“PCF”).

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Overview of Transaction

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  • Founded in 1996, Logic is a managing general agency (“MGA”) and surplus lines agent headquartered in Dallas, Texas.

  • Logic specializes in developing, marketing and underwriting specialty insurance programs tailored for residential property in underserved market segments. 

  • PCF is a leading retail insurance brokerage with a diverse offering of commercial lines, personal lines, and employee benefits products serving more than 220,000 clients. Now a top 20 broker, PCF anticipates closing out the year with nearly $400 million in revenue and over 1,700 employees.

 

Significance of Transaction

  • The acquisition of Logic provides PCF with an opportunity to significantly diversify its capabilities and overall product offerings.  

  • Logic will be presented the opportunity to vastly increase volume through PCF’s national network of retail agencies. 

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Logic and explored multiple options for the firm before Logic 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.

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