Pacific Crest Services receives investment from Long Ridge

GlobalData

Mon, May 5, 2025, 5:23 AM 2 min read

Pacific Crest Services, a platform catering to independent insurance agents, has secured a minority growth investment from Long Ridge Equity Partners, a private equity firm.

The financial terms of the transaction remain undisclosed.

The investment will support PCS's technology, business development, geographic expansion, and capital solution areas.

PCS will retain its current management structure, with no anticipated changes to its daily operations.

Founded in 2008 by Shawn Webb and Jason Webb, PCS serves more than 250 independent agencies across 36 US states and collaborates with over 250 carriers.

The platform provides agents with tools such as access to top carriers, training, back-office support, technology, and compliance resources to improve service delivery to customers and agents'.

Legal advisory for the transaction was provided by Wiggin and Dana for PCS, while Choate, Hall, & Stewart advised Long Ridge Equity Partners.

Evolve Capital acted as the exclusive financial advisor to PCS.

PCS president Shawn Webb stated: "We’re excited to partner with Long Ridge as we enter this next chapter of growth. Their experience scaling high-growth financial services businesses will be invaluable as we continue building a comprehensive platform for entrepreneurial agents to launch, grow, and scale their agencies.”

Set up in 2007, Long Ridge Equity Partners is a private investment firm specialising in financial and business technology sectors.

Long Ridge partner Jason Melton said: “PCS offers a strong value proposition to its agents and partners, combining a robust platform with a broad network of carrier relationships.

“Shawn, Jason, and the PCS team have built a trusted brand within the agent community, and we are excited to support them as they continue to scale and deliver exceptional service to their agents and carrier partners.”

"Pacific Crest Services receives investment from Long Ridge " was originally created and published by Life Insurance International, a GlobalData owned brand.

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