From Yahoo Finance: 2025-05-05 05:23:00

Pacific Crest Services, a platform for independent insurance agents, secures minority growth investment from Long Ridge Equity Partners. Financial terms undisclosed. Investment to support technology, business development, expansion, and capital solutions. No changes to management structure anticipated. Founded in 2008, PCS serves 250+ agencies in 36 states, collaborating with 250 carriers. Platform offers agents tools for improved service delivery. Legal advisory by Wiggin and Dana for PCS, Choate, Hall, & Stewart for Long Ridge. Evolve Capital serves as exclusive financial advisor to PCS. President Shawn Webb excited for growth partnership with Long Ridge. Long Ridge Equity Partners, established in 2007, specializes in financial and business technology sectors. Long Ridge partner praises PCS value proposition and trusted brand within agent community. Excited to support PCS in scaling and delivering exceptional service to agents and carrier partners.

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