EPIC Announces Expansion to the Southeast

Press release from the issuing company

Friday, January 10th, 2014

EPIC (Edgewood Partners Insurance Center), a retail property & casualty insurance brokerage and employee benefits consultant, announced today it has acquired The McCart Group of Atlanta, GA.

Founded in 1971 as Joe McCart Insurance Agency, Inc., The McCart Group is now one of the largest insurance and risk management firms in Georgia. The McCart Group provides risk management, property & casualty, employee benefits and personal risk management products to local, regional and global companies in a wide range of industries.

Based in metropolitan Atlanta, The McCart Group has been recognized as one of the Southeast's top insurance brokers & agents, as well as both a Best Place to Work and Top Workplace in Atlanta.

As part of EPIC, the firm will now operate as The McCart Group – an EPIC Company.

"The addition of Jeff McCart, the McCart Group's leadership team and the many capable McCart Group employees is an exciting way to establish EPIC's first large regional platform outside of California," said EPIC co-founder and CEO John Hahn. "We have great respect for Jeff and his team, who have built their business on the highest standards of personal integrity, innovation and service excellence. The McCart Group is a solid base and exceptional partner for EPIC in the Southeast as we begin executing our aggressive plans for national expansion."

The addition of The McCart Group will add approximately $20 million in revenue to EPIC in 2014, along with more than 100 top professionals and a strong regional presence in the Southeast.

"The McCart Group and EPIC share many beliefs, values and business practices in common and all of us are mutually dedicated to perpetuating a culture that rewards innovation, teamwork and absolute client satisfaction," says McCart Group President Jeff McCart. "As part of EPIC, we will have access to the experienced professionals, broad resources, additional capital and extensive insurance company relationships of one of the nation's top 40 insurance brokers – all to supplement our own outstanding people and resources for the benefit of our clients. We believe in EPIC's vision to expand scale while maintaining a client and people focused culture and strongly support the sell-in versus sell-out approach in achieving that vision. This is a very exciting time to join a unique, successful company like EPIC."

Derek Thomas, EPIC chief strategy officer said, "With the investment and strategic support of our private equity partners The Carlyle Group and Stone Point Capital, we expect to build something truly extraordinary in the insurance brokerage business over the next five years. We are excited to have partners like Jeff McCart and the McCart Group leadership team that are committed to the EPIC vision and we invite other top firms like The McCart Group to join with us on this EPIC journey."