Epic Holdings To Acquire Integro Usa
CA & NY — EPIC Holdings, Inc. announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP.
Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million. Financial terms of the proposed transaction have not been disclosed. Integro USA brings to EPIC expertise that is well aligned with EPIC’s diverse insurance distribution platform. Areas of emphasis include:
Entertainment & Sports: focus in music & events; theatre & venues; film, TV & media; sports associations & amateur sports; and racing & motor sport.
Specialty: leading provider of insurance brokerage services to Professional Services Firms (accountants, lawyers, hedge funds, asset managers, architects & engineers) and Transportation & Logistics businesses.
Risk Management/Complex Accounts: deep technical services for the Fortune 500 and complex risk accounts.
Middle Market Accounts: property/casualty, employee benefits, and private client services for small to medium sized companies and individuals
Employee Benefits Consulting: expertise for mid to large employer groups as well as unique services for the private equity sector.
Integro USA is led by Marc Kunney, President of North America Operations. The acquisition will add over 400 team members working across 22 US locations.
Kunney commented on the transaction, “Joining forces with EPIC allows us to continue offering our clients the highest level of service and expertise, while providing depth and scale to further invest in our combined capabilities.”
Pete Garvey, EPIC Insurance Brokers & Consultants CEO and a founder and former CEO of Integro Ltd., noted, “I know firsthand what a high quality group Integro is. We can’t be more delighted to have their US team join forces with EPIC.”
Steve Denton, President of EPIC Holdings Inc. added, “EPIC and Integro USA fit together perfectly with common themes including a passion for client service and delivering specialty capabilities supported by actionable analytics.”
The transaction is expected to close in January 2019.
