PCF Insurance Services Acquires Shipsey Insurance Group
Sica | Fletcher advises Shipsey Insurance Group in its sale to PCF Insurance Services.
Overview of Transaction
Headquartered in Tuscon, Arizona, Shipsey Insurance Group LLC (Shipsey) is a full-service retail insurance agency founded in 2014. The Company provides commercial lines P&C coverage across multiple industries in addition to personal lines and life & health coverages.
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 Shipsey provides the opportunity for PCF to add a young, energetic team with significant growth potential to its growing network of insurance professionals.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Shipsey and explored multiple options for the firm.
This transaction builds on Sica | Fletcher's track record of success across the insurance space and further bolsters Sica | Fletcher's strong reputation with top-tier investors in the sector.