PCF Insurance Services Acquires Mourer Foster

Sica | Fletcher advises Mourer Foster in its sale to PCF Insurance Services.

Overview of Transaction

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  • Located in Lansing, Michigan, Mourer Foster, Inc. (MF) is a retail specialty insurance broker with a history dating back to 1933. The company has expertise in surety bond business and offers multiple specialty risk programs as well as traditional business and personal insurance products. 

  • Founded in 1987, 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 Mourer Foster provides the opportunity for PCF to add a leading specialty broker in the surety bond market to its growing portfolio.  

 

Sica | Fletcher's Role

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

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

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Contact Details

MICHAEL J. FLETCHER

Managing Partner

516.967.1958

mjf@sicafletcher.com

ALEXANDER W. SICA

Managing Partner

201.805.1561

al@sicafletcher.com

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