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 California Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance 
Biden Administration Raises FEMA Bar for Flood Resilience 
Insurers Hike Rates as Extreme Storms Like Beryl Proliferate 
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data 
