Edgewood Partners Insurance Center Inc., which does business as EPIC, has purchased Concord, California-based Jenkins Insurance Services Inc., a unit of Leavitt Group Enterprises Inc.
The shareholders of Jenkins Insurance Services have sold 100% of their shares in Jenkins to EPIC, the San Francisco-based broker announced in a statement Tuesday.
The terms of the transaction were not disclosed.
Jenkins shareholders Curt Perata, John Connell and Mark Karpenko all became shareholders of EPIC, and Leavitt Group Enterprises received cash for its majority ownership in Jenkins, according to the statement.
Jenkins has California offices in Concord, Sacramento, San Jose and Orange County and one in Reno, Nevada, that will be rebranded as EPIC.
New York-based AmTrust Financial Services Inc. has agreed to acquire Florida workers compensation insurer Comp Options Insurance Co. Inc., also known as OptaComp, AmTrust said Thursday.