PCF Insurance Acquires INGUARD
Sica | Fletcher advises INGUARD in its sale to PCF Insurance.
Overview of Transaction
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INGUARD is a retail insurance agency located in Wabash, IN with a rich heritage dating back 150 years to 1870.
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The company has a focus on commercial lines and offers insurance and risk management solutions to organizations, families, and individuals.
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INGUARD is tech-focused and has been a leader in online insurance sales since 1996.
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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 INGUARD provides a unique opportunity for PCF to enhance its technology offerings and the opportunity to penetrate a rapidly-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 INGUARD and explored multiple options for the firm before partnering with PCF.
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The INGUARD transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.