PCF Insurance Services Acquires East Coast Insurance Group
Sica | Fletcher advises East Coast Insurance Group in its sale to PCF Insurance Services.
Overview of Transaction
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Located in Nokomis, Florida, East Coast Insurance Group, LLC (ECIG) was founded in 1999 and is a specialist insurance broker to the automotive industry.
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The Company serves the automobile sales & services industry, with significant blocks of Auto Recycling, Towing, Dealer, Garage, and Bodyshop business.
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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 ECIG allows PCF to further expand its market presence in the automotive sector.
Sica | Fletcher's Role
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Sica | Fletcher served as exclusive strategic and financial advisor to ECIG.
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This transaction further bolsters Sica | Fletcher's strong reputation with top-tier investors in the insurance sector.