PCF Insurance Services secures $400 million in incremental debt financing led by Blue Owl

Apr 24, 2024•over 1 year ago

Amount Raised

$400 Million

LehiHealth CareProfessional ServicesAdministrative Services

Investors

Blue Owl

Description

PCF Insurance Services, a top 20 U.S. insurance brokerage, has closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and administrative agent. The financing was materially oversubscribed and was upsized from $300 million to $400 million in response to strong demand from new and existing lenders.

Company Information

Company

PCF Insurance Services

Location

W Executive Parkway

Lehi, Utah, United States

About

A top 20 U.S. insurance brokerage headquartered in Lindon, Utah, PCF Insurance Services of the West, LLC offers a broad array of commercial and personal lines, life and health, employee benefits, and workers' compensation insurance solutions. PCF Insurance's operating model and entrepreneurial environment support its tremendous growth profile, offering its businesses alignment through equity ownership, enhanced coverage solutions and capabilities for clients, and shared-services resources. With more than 5,000 employees across the U.S., PCF Insurance is a notable leader in the insurance brokerage space, ranking #19 on Business Insurance's 2024 Top 100 Brokers and #13 on Insurance Journal's 2024 Top Property/Casualty Agencies.

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