PCF Insurance Acquires Blue Ridge National
Sica | Fletcher advises Blue Ridge National, LLC (“Blue Ridge”) in its sale to
PCF Insurance (“PCF”).
Overview of Transaction
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Headquartered just outside of Philadelphia, in Springfield, PA, Blue Ridge is a retail surplus lines risk and liquor liability insurance specialist.
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The Company develops comprehensive insurance and risk management solutions for restaurants, bars, taverns, and related commercial exposures.
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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 Blue Ridge allows PCF to expand its global service offerings tailored for the hospitality sector.
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Blue Ridge will have the opportunity to cross-sell its offerings within PCF's extensive network of clients.
Sica | Fletcher's Role
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Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Blue Ridge and explored multiple options for the firm before Blue Ridge elected to partner with PCF.
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The transaction builds on Sica | Fletcher's track record of success and relationships with the most prolific acquirers in the space.