EPIC (Edgewood Partners Insurance Center) has entered into an agreement to acquire substantially all the assets of VRT Insurance Services Inc. The transaction is expected to close in early February, 2009.
VRT Insurance Services Inc. is owned by David Alvarado, its key producers and Belvedere Capital, a private equity firm based in San Francisco. The company was established in 2007, is led by founder and CEO Alvarado. The firm has offices in Oakland and Rancho Cordova, Calif., and specializes in complex property, casualty,and employee benefits insurance for construction, real estate, information technology and municipalities.
The acquisition expands EPIC’s market presence in construction, contracting, public entity, employee benefits and other industries.
EPIC was launched in 2007 by former president and CEO of ABD Insurance, Dan Francis and John Hahn, former president of BISYS Commercial Insurance Services Inc. They have opened seven offices throughout the state of California since the firm’s launch.
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