Overview of Transaction​​

• Headquartered in Orland, California, Belter is a retail insurance agency specializing in recreational marine property and casualty (“P&C”) insurance.

• Utilizing strong relations with dealer networks, manufacturers and trade associations, Belter has enjoyed steady organic growth in the niche recreational marine and boat dealer industry.

• PCF is a leading retail insurance brokerage with a diverse offering of commercial lines, personal lines, and employee benefits products serving more than 220,000 clients. Now a top 20 broker, PCF anticipates closing out the year with nearly $400 million in revenue and over 1,700 employees.

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Significance of Transaction​​

• The acquisition of Belter allows PCF to expand its global service offerings tailored for the recreational marine and boat sector.

• Belter will have the opportunity to cross-sell its offerings within PCF's extensive network of clients. 

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Sica | Fletcher's Role 

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

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