Overview of Transaction

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• Founded in 1991, Trade Risk Guaranty (TRG) is a retail insurance agency specializing in U.S. Customs Bonds and Ocean Marine Cargo Insurance located in Bozeman, Montana.  

• TRG predominantly services importers in all 50 states direct on a retail level with full underwriting authority on behalf of its carriers. It provides innovative policy options such as partial and multi-term premiums that save clients money as well as providing compliance and sufficiency monitoring software. 

• 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

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• The acquisition of TRG provides a unique opportunity for PCF to penetrate a niche, growing segment of the insurance market. 

 

Sica | Fletcher's Role

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

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