First Fidelity Brokerage of N.Y., Moulton Insurance of Mass., Acquired by PCF

PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired two brokerages based in the Eastern U.S.

The brokerages that have joined PCF include:

• First Fidelity Brokerage, a New York City-based full-service property & casualty insurance broker with a core focus on the education, construction, finance and real estate sectors. FFB has access to over 800 insurance carriers and has binding authority from several insurers for its select group of industries.
• Moulton Insurance, a Western Massachusetts-based broker offering auto, home life and business insurance. Moulton offers personalized service with the one of the highest ratios of licensed agents to professionals in the area. The agency was started in 1952 and has since grown to one of the areas largest, solely-woman owned insurance agencies in Massachusetts led by Cindy Moulton St. George.

Founded in 1987, PCF is a full-service insurance brokerage firm offering risk management services and an array of property/casualty, life and health, employee benefits and workers’ compensation insurance products.

The acquisition was one of four completed by PCF in the last three months, in addition to the nine it has completed since January 1.

Led by CEO and Chairman Peter Foy, PCF is a portfolio company of HGGC, a middle market private equity firm based in Palo Alto, Calif. HGGC was co-founded by former San Francisco 49ers Hall of Fame quarterback, Steve Young, who serves as the firm’s president.

Topics Mergers & Acquisitions Agencies