Woodland Hills, Calif.-based Peter C. Foy & Associates Insurance Services LLC has completed the acquisition of four agencies, three in California and one in Nevada.
The acquisitions are Walnut Creek, Calif.-based R.L. Milsner Inc. Insurance Brokerage, Woodland Hills, Calif.-based Senex Insurance Services Inc., Redwood City, Calif.-based Stratton Agency and Reno Nev.-based Clark & Associates of Nevada Inc.
Terms of the deals were not announced.
The firm also announced it has completed a recapitalization and financing with Madison Capital Funding, LLC. PCF last year partnered with BHMS Investments LP to accelerate the firm’s growth through a series of retail agency acquisitions. BHMS is a private investment firm located in New York.
PCF is an insurance brokerage agency that provides an array of P/C, life and health, employee benefits and workers’ compensation insurance products.
R.L. Milsner offers personal and business insurance, as well as life and health. Senex Insurance Services offers a variety of insurance services, including retirement plans. Stratton Agency offers insurance services, HR consulting, benefits and other specialties. Clark & Associates offers property/casualty, benefits and life and health.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims 
