Peter C. Foy & Associates Insurance Services Completes Four Acquisitions and a Refinancing4/30/2018
WOODLAND HILLS, Calif., April 30, 2018 /PRNewswire/ -- Peter C. Foy & Associates Insurance Services, LLC ("PCF" or the "Company") has completed the acquisition of R.L. Milsner, Inc. Insurance Brokerage; Senex Insurance Services, Inc.; Stratton Agency; and Clark & Associates of Nevada, Inc.
2017 proved to be another strong year for M&A activity in the insurance distribution space, continuing the strong momentum that has been building in the market since the recession. With over 500 announced transactions, it was a record setting year in terms of deal volume. Aggregate deal value, however, declined by 26 percent from the previous year ($5.4 billion in 2017 vs $7.3 billion in 2016), suggesting a greater degree of consolidation among small to middle market distributors.
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