Edgewood Partners Insurance Center (EPIC), a retail property & casualty and employee benefits insurance brokerage and consulting firm, has purchased SafeHarbor Risk Management to boost its operations in the region.
Acquisition of The privately-held SafeHarbor, which was set up in 2009, will enable EPIC to strengthen its insurance brokerage business to the East Coast. Financial terms of the transaction remained undisclosed.
SafeHarbor operates as a property & casualty insurance brokerage and employee benefit-consulting firm in New York and Boston, Massachusetts.
Commenting on the acquisition, EPIC co-founder John Hahn said, "The SafeHarbor team will be a solid base for EPIC in the East as we begin executing aggressive national expansion plans."
SafeHarbor founder Thomas O’Neil added, "As part of EPIC, we will have access to the experienced professionals, broad resources and extensive insurance company relationships of one of the nation’s top 40 insurance brokers – all for the benefit of our clients."
In April, the company added the California McDonald’s Preferred Operator Group (POG) to its "Fraud Doesn’t Work Here" campaign to fight workers’ compensation insurance fraud.
With a team of more than 300 members, EPIC operates from 10 offices across California, including Los Angeles, Irvine, Ontario, Inland Empire, Folsom, Fresno, San Francisco, San Mateo, Petaluma and San Ramon, in Denver, Colorado and New York.
With more than $80m in revenues, EPIC is one among the top 40 retail insurance brokers in the US.