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EPIC Holdings Inc. said Monday it has closed its acquisition of Integro Holdings Inc., which encompasses substantially all of the U.S. operations of Integro Group Holdings LP.
San Francisco-based Edgewood Partners Insurance Center Inc., which does business as EPIC Insurance Brokers & Consultants, announced the deal in December.
Terms of the deal were not disclosed.
Integro is the 21st-largest broker of U.S. business, according to Business Insurance’s latest ranking, with $205.4 million in U.S. brokerage revenue in 2017.
EPIC was the 15th-largest broker of U.S. business, according to the ranking, with $374.4 million in U.S. brokerage revenue in its 2017 fiscal year, which ended Aug 31.
EPIC Holdings Inc.’s acquisition of Integro Group Holdings Inc.’s U.S. operations will significantly bolster its business in the United States while permitting Integro to focus on its London operations, says an analyst.