EPIC (Edgewood Partners Insurance Center), a retail property/casualty insurance brokerage and employee benefits consultant based in San Francisco, said it has acquired The McCart Group of Duluth, Georgia.
The McCart Group will add approximately $20 million in revenue to EPIC in 2014, along with more than 100 employees and a regional presence in the Southeast.
Founded in 1971 as Joe McCart Insurance Agency Inc., The McCart Group provides risk management, property/casualty, employee benefits and personal risk management products.
EPIC CEO John Hahn said the addition of The McCart Group establishes EPIC’s first large regional hub outside of California and is “a solid base” for EPIC in the Southeast as it begins executing plans for national expansion.
Backed by the Carlyle Group and Stone Point Capital, EPIC’s strategic plan calls for a dramatic increase in its current $100 million in revenues to $250 million by 2018 and further expansion across the country, according to Derek Thomas, EPIC chief strategy officer.
EPIC currently has 450 employees operating from nine offices across California (Los Angeles, Irvine, Inland Empire, Fresno, Folsom, San Francisco, San Mateo, Petaluma and San Ramon) and in Atlanta, Boston, Chicago, Denver and New York.
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