Integro sees US operations bought by EPIC
Californian company EPIC Holdings is acquiring the US operations of insurance broker and risk manager Integro Group Holdings.
With offices in Bermuda, the US and the UK Integro has created a specialty insurance brokerage and consulting business in the US with revenue in excess of $150 million. The acquisition will add over 400 team members working across 22 US locations to EPIC.
Integro USA deals with entertainment & sports, specialty, risk management, middle market accounts and employee benefits consulting. It is led by Marc Kunney as president of North America operations.
“Joining forces with EPIC allows us to continue offering our clients the highest level of service and expertise, while providing depth and scale to further invest in our combined capabilities,” said Kunney.
EPIC Holdings is the corporate parent overseeing investments across the entire EPIC platform and is backed by Oak Hill Capital Partners. EPIC currently has nearly 1,400 team members operating from 50 offices across the US and annual revenues over $440 million.
Pete Garvey, EPIC Insurance Brokers & Consultants CEO, commented: “I know first hand what a high-quality group Integro is. We can't be more delighted to have their US team join forces with EPIC.”
Steve Denton, president of EPIC Holdings, added, “EPIC and Integro USA fit together perfectly with common themes including a passion for client service and delivering specialty capabilities supported by actionable analytics.”
The transaction is expected to close in January 2019.
