PCF Insurance Services has acquired two insurance agencies – one in Chicago and another in New York.
PCF, based in Woodland Hills, provides risk management solutions through property, casualty, health and life insurance, employee benefits and workers’ compensation services.
The company bought Hipskind Seyfarth Risk Solutions in Chicago and Broadfield Group, dba Warwick Resource Group, in the New York metro area.
Management at Hipskind Seyfarth and Broadfield were attracted to the growth opportunities available as PCF partners, according to the company.
"We are delighted to add the professionals at Hipskind Seyfarth and Broadfield into the PCF family,” PCF Chief Executive Peter Foy said in a statement.
Foy added that the acquisitions deepen PCF’s talent pool and position the company for growth in the Chicago and New York markets.
“Not only has the partnership with these agencies brought us years of industry knowledge, experience and leadership, it has also provided us the opportunity to expand into new geographies with offices now in the Midwest and Northeast,” Foy said.
Both acquisitions were facilitated by PCF partner BHMS Investments, a private investment firm in New York City. The partnership was established in 2017 to facilitate expansion through retail agency acquisitions.