PCF Insurance Acquires Total Insurance Brokerage

Sica | Fletcher advises Total Insurance Brokerage in its sale to PCF Insurance.

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Overview of Transaction

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  • Founded in 2000, Total Insurance Brokerage (TIB) is a retail insurance agency located in Stamford, Connecticut.

  • TIB predominantly serves high-net-worth individuals and business communities in the Tri-State, New York Metro area.

  • TIB is P&C-focused with a mix of business in all segments. In addition to high-net-worth personal lines, commercial business with a focus on white-collar firms as well as employee benefits are among TIB’s top lines of business.

  • 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 TIB provides PCF with high-value clients and a talented team while providing an opportunity for PCF to further expand into the North East. 

 

Sica | Fletcher's Role

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

  • The TIB 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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