Mystic Capital advises Levi & Associates Insurance in its sale to PCF Insurance Services – a top 25 National Insurance Broker
Overview of Transaction
- Founded in 1993, Levi & Associates Insurance is a full-service insurance brokerage headquartered in Boca Raton, Florida. The Firm is the largest benefits provider in south Florida.
- Levi & Associates agreed to partner with PCF, a rapidly growing insurance brokerage backed by HGGC, a leading middle‐market private equity firm with $5.5 billion in cumulative capital commitments – Co-founded by Steve Young.
Significance of Transaction
- The acquisition of Levi & Associates provides PCF the opportunity to add a leading specialty broker and expand its footprint in the Florida benefits market.
- Levi and Associates found a partner whose broad distribution, technology, seamless product fit, and aligned culture will ensure Levi & Associates is positioned for long-term growth.
Mystic Capital’s Role
- Mystic Capital was hired to explore various opportunities and strategies for Levi & Associates to increase its market share and future-proof the business, culminating in a sale to PCF Insurance Services – a Top 100 Insurance Broker.
- The Levi & Associates Insurance deal is a demonstration of Mystic Capital’s capability to drive complex transactions and its strong relationship with leading private equity firms.
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