PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired Horizon Insurance, a Bradenton, Fla.-based provider of personal, commercial and financial services insurance.
Horizon Insurance is an independent agent started in February 2004 when Lori P. Augustyniak purchased the Gehrich Agency. The Gehrich Agency was originally established in March 1988. In September 2009, Horizon purchased the Don McMillen Agency in Port Charlotte, Fla., where it also still serves clients. In 2015, Ronnie Grubbs Insurance Agency merged with Horizon.
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.
Source: HGGC
Topics Mergers & Acquisitions Florida
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