“Felix Morgan has a valuable professional background that aligns precisely with the needs and growth trajectory of PCF,” said Peter Foy, chairman, CEO, and founder, PCF Insurance Services.
WOODLAND HILLS, Calif. (PRWEB) January 05, 2021
PCF Insurance Services (“PCF”), a leading national full-service insurance brokerage, today announced the strategic new hire of Felix Morgan as Chief Financial Officer. Morgan is an experienced financial executive with extensive background driving profitable growth within multibillion-dollar Fortune 500 and Fortune 50 companies.
“Felix Morgan has a valuable professional background that aligns precisely with the needs and growth trajectory of PCF,” said Peter Foy, chairman, CEO, and founder, PCF Insurance Services. “Felix brings added capability and industry leadership to support the strategic growth of PCF.”
Morgan has more than 20 years of financial and operational leadership experience, including involvement with mergers and acquisitions and private equity, capital markets, and intensive growth achievement. He is a proven CFO and has scaled several companies to over a billion dollars in value. With additional experience in building shared services and finance functions, Morgan is equipped to further the operational excellence of PCF.
Morgan joins PCF from CareXM, a private equity owned telehealth care and management platform where he served as the chief financial officer and chief operating officer. Prior to CareXM, Morgan was the CFO for Cotiviti, a private equity owned leader in healthcare analytics and technology solutions.
In April of 2020, PCF received investment from HGGC, a leading middle-market private equity firm. With the resources and guidance of HGGC, PCF has been strategically enhancing their management team and meaningfully investing in a shared services office in Salt Lake City.
Founded in 1987 and headquartered in Woodland Hills, CA, PCF is a full-service insurance brokerage firm offering complete risk management solutions with a broad array of property & casualty, life and health, commercial, employee benefits, and workers' compensation insurance products. PCF’s growing network and partnership philosophy drives greater access to the nation’s leading carriers and enables brokers to offer integrated risk management solutions bespoke to client challenges. Due to its scale and growth, PCF is a top 30 broker in the United States by revenue. Additional information can be found at http://www.pcfinsuranceservices.com.
HGGC is a leading middle-market private equity firm with $5.4 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders, and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 200 platform investments, add-on acquisitions, recapitalization, and liquidity events with an aggregate transaction value of over $27 billion. More information, including a complete list of current and former portfolio companies is available at http://www.hggc.com.