Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have acquired an equity stake in multi-line specialty MGA Paragon Insurance.
The investment from EPIC and Oak Hill will further propel Paragon's organic and M&A growth strategies and create greater opportunity for Paragon's agency, carrier and reinsurance trading partners.
Paragon was formed in 2014 by Ron Ganiats and Ron Mairano and is one of the industry's fastest growing managing general agencies. With fifteen programs, controlled premiums exceeding $125M, and offices in Avon, CT, San Francisco, and Seattle, Paragon has established deep trading relationships with specialty carriers and reinsurers that provide unique solutions in a market that is quickly evolving.
Paragon's specialty carrier and reinsurance relationships, systems and operational capabilities, and data capture and analytics, have quickly made the company a stand out among their competitors.
Paragon CEO Ron Ganiats said: "Winning in this environment is a function of talent, capability, vision and commitment.
"We are delighted to have strong new partners like EPIC and Oak Hill, who will help us to further build on this foundation of beliefs and values, for the benefit of all Paragon trading partners and our own team members."