PCF Insurance Services has completed the acquisition of Grosslight Insurance Inc., headquartered in the Westwood neighborhood of Los Angeles, Calif.
Terms of the deal were not disclosed.
Grosslight Insurance, with offices in Westwood and Rancho Cucamonga, was founded in 1950 by Gil Grosslight, who will remain active servicing clients. The Grosslight brand will continue under PCF’s stewardship.
In 2017, PCF partnered with BHMS Investments LP to accelerate the its growth through a series of retail agency acquisitions. BHMS is a private investment firm located in New York.
Woodland Hills-based PCF is an insurance brokerage that provides risk management, property/casualty, life and health, employee benefits and workers’ compensation insurance products.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
AI for the Defense: Should Insurers or Law Firms Pay? 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
