EPIC expands US Northeast portfolio with acquisition of Capacity Group
EPIC, a US retail property/casualty insurance brokerage and employee benefits consulting firm is acquiring independent insurance broker The Capacity Group.
The acquisition expands EPIC Insurance Brokers & Consultants' capabilities in the US Northeast region, the company said.
"In addition to the integration and expansion of our respective capabilities, The Capacity Group provides a strong platform in the Northeast to extend our risk management, property/casualty insurance, employee benefits consulting, program solutions and private client services to companies across the region and nationally," said EPIC Northeast region president Thomas O’Neil.
EPIC CEO John Hahn said: "We found a strong cultural partner in The Capacity Group, in an important and highly desirable region where we have wanted to be an even larger partner in the community and see strong opportunities for growth.
"The Capacity Group, under the leadership of their executive team alongside their impressive team of owner-operators, will add significant value to our clients across the country and create further opportunities for our employees’ long-term growth and career success."
Headquartered in Mahwah, New Jersey, The Capacity Group offers a range of standard and customised insurance and financial products. It has a diversified insurance distribution and product platform in retail, wholesale and specialty program business, as well as all types of personal, commercial, specialty and benefits lines of business.
The Capacity Group's president and chief executive officer Robert Lull, commented: "The Capacity Group has been delivering strategic guidance and service around the risk management, insurance, and benefit consulting needs of our clients for more than 25 years."
"We believe the decision to join EPIC will help us deliver an even broader and deeper set of capabilities and added value to our clients, with the same commitment to service delivery excellence that has always been a hallmark of our firm. We are thrilled to join forces with a unique and successful company like EPIC."
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