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”).

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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.

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