HGGC completed the acquisition of PCF Insurance from BHMS.

HGGC, a middle-market private equity firm, completed the acquisition of Peter C. Foy & Associates Insurance Services, a full-service insurance brokerage firm that provides complete risk management and employee benefits solutions, from BHMS Investments, a private investment firm. Financial terms were not disclosed. "PCF's mix of diversified customers, blue-chip carriers, scalable financial profile, and strong leadership have fueled its fast growth in the attractive insurance brokerage space. Our proven ability to partner with portfolio companies to help them scale and drive strategic acquisitions will support PCF in building on its existing success, which includes growing more than 17x since 2017," Steve Young, HGGC Co-Founder and President.