In February 2017, PCF partnered with BHMS Investments, LP to accelerate the Company’s growth through a series of retail agency acquisitions. BHMS is a private investment firm located in New York with a track record of success in aggregation strategies, including insurance brokerage. Peter C. Foy & Associates Insurance Services has completed the acquisition of R.L. Milsner, Inc. Insurance Brokerage.
BHMS Investments, LP is a private investment firm focused on the North American middle market. The firm was founded in 2010 and is based in New York City
Peter Foy said, “We are delighted to welcome the Milsner, Senex, Stratton and Clark professionals into the PCF family. In addition to the tremendous leadership and skills these partners bring to PCF, the strengthening of our southern and northern California presence as well as our entry into Nevada is a vital part of our growth plan.”
Kieran Pinney said, “It has been exciting to share the PCF story. The Company has a differentiated value proposition that creates excitement and opportunity for agency owners and PCF’s partnership with BHMS Investments provides the Company with significant equity capital to continue to execute on its growth plan.”