PCF Insurance Services Acquires
North Shore Risk Management LLC
Sica | Fletcher advises North Shore Risk Management LLC (“NSRM”)
in its sale to PCF Insurance Services (“PCF”).
Overview of Transaction
NSRM, headquartered in Lake Success, New York, is a second-generation Property & Casualty-focused retail agency with a mix of business in all segments.
With proficiency advising large commercial lines clients, NSRM’s expertise includes specialized insurance solutions for the real estate industry, contractors and non-profit organizations.
Founded in 1987, PCF is a rapidly growing full-service insurance brokerage backed by HGGC. PCF was listed as #20 on Insurance Journal’s Top 100 Property/Casualty Agencies in 2021.
Significance of Transaction
The acquisition of North Shore provides the opportunity for PCF expand its footprint in the New York market. NSRM is a strong player in the real estate industry and will allow PCF to quickly expand in the area. NSRM will be positioned to expand nationally by cross-selling to partners within the PCF agency network.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to NSRM and explored multiple options for the firm.
The transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.