EPIC Holdings Inc., parent company of EPIC Insurance Brokers & Consultants based in San Francisco, has agreed to acquire Integro Holdings Inc., which houses the U.S. operations of New York-based Integro Group Holdings.
The acquisition will add 400 team members working across 22 U.S. locations.
EPIC currently has 1,400 team members operating from 50 offices across the U.S. and annual revenues that top $440 million.
Financial terms were not disclosed.
The deal will reunite Pete Garvey, EPIC Insurance Brokers & Consultants CEO, with Integro, of which he is a founder and former CEO.
Founded in 2005, Integro is a specialty insurance brokerage and consulting business. The company said it has revenue in the U.S. in excess of $150 million from specializations including entertainment and sports; professional services firms; transportation and risk management for complex accounts.
Integro USA is led by Marc Kunney, president of North America Operations. The acquisition will add over 400 team members working across 22 U.S. locations.
The transaction is expected to close in January 2019.
EPIC is backed by Oak Hill Capital Partners.
Topics Mergers & Acquisitions USA
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