BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
Private equity firm Oak Hill Capital Management L.L.C. has agreed to acquire all of The Carlyle Group L.P.’s stake in EPIC Insurance Brokers & Consultants, giving Oak Hill a controlling equity position in the brokerage.
Terms of the deal were not disclosed.
The deal is subject to customary regulatory approvals, San Francisco-based EPIC said Thursday in a statement, and is expected to close in the third quarter. Total enterprise value of EPIC is $977 million, according to the brokerage.
EPIC was founded in 2007 and has reported annual revenues of nearly $300 million, the company said in the statement.
“Over the past 10 years, we have built EPIC into a unique and successful firm that is focused on providing innovative solutions and significant value to our clients and EPIC team members by creating a culture of accountability and alignment through broad-based employee ownership,” John Hahn, co-founder and CEO of EPIC, said in a statement.
EPIC was ranked 17th in Business Insurance’s most recent ranking of the largest brokers of U.S. business.
San Francisco-based insurance broker and consultant Edgewood Partners Insurance Center has acquired employee benefits consulting firm Ascende Inc., expanding the broker's footprint in the Southwest.