SAN FRANCISCO, Calif. — EPIC Insurance Brokers & Consultants (EPIC), a retail property, casualty insurance brokerage and employee benefits consultant, announced today the sale of their Petaluma branch office and its book of business to Sacramento-based InterWest Insurance Services. Both EPIC and InterWest are anticipating a seamless, “business as usual” transition, maintaining the same Petaluma location as well as existing employees who will continue to serve and support their current North Bay clients. The transaction closed on July 31, 2016. Terms of the deal were not disclosed.
Said InterWest President & CEO Keith Schuler, “While the name on the building may be changing from EPIC to InterWest, we have approached this change very carefully and collaboratively with EPIC leadership, respecting EPIC’s ‘people first’ values and putting the needs and best interests of their clients – who are now our clients – at the forefront. All of these clients can expect to continue receiving the same exceptional service from the same terrific team of people, now supported by the InterWest team in Santa Rosa and elsewhere across Northern and Central California.”
Founded in 1992 with the merger of three large, successful Northern California Insurance Brokerage firms, InterWest has grown to 8 offices in the North Bay, San Francisco Bay Area and Central California. The new Petaluma office acquired from EPIC will be their 9th, extending and complimenting existing North Bay operations in Santa Rosa.
EPIC West Region President Tom O’Neil noted, “This was very much a mutual decision with our North Bay leadership team. EPIC has been evolving toward national specialty practices and resource teams, supporting larger regional operations here in the West and across the country. InterWest has built a very successful business by focusing on smaller niche regional markets like the North Bay. We have known Keith Schuler and the InterWest organization for many years and recognized a unique opportunity to create a ‘win/win’ outcome for all parties, particularly our clients in the North Bay, whose needs have always been our top priority.”
EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a “Best Place to Work” in multiple regions and as a “Best Place to Work in the Insurance Industry” nationally.
EPIC now has more than 850 team members operating from offices across the U.S., providing Property Casualty, Employee Benefits, Specialty Programs and Private Client solutions to more than 13,000 clients.
With more than $200 million in revenues, EPIC ranks among the top 20 retail insurance brokers in the United States. Backed by the Carlyle Group, the company continues to expand organically and through strategic acquisitions across the country. For additional information, please visit http://www.epicbrokers.com/.
About InterWest Insurance Services:
InterWest Insurance Services was founded in 1992 as a result of the merger of three large successful insurance brokerage firms located in Northern California. Our aggressive marketing and acquisition efforts have extended our influence into Central California and the San Francisco Bay Area. During the past 25 years, we have successfully unified into a single seamlessly integrated organization with 8 offices throughout California. We’ve grown in size from $10 Million in annual revenue in 1992 to over roughly $60 Million in revenue.
InterWest was recognized as one of 35 Elite Agencies in the U.S. for 2015 by Insurance Business America. Elite Agencies are distinguished by their Best Practices, knowledgeable professional staff, exemplary customer service, quality technology, inward focus on education & mentorship and an unwavering commitment to serving their communities. We were identified as an Elite leader from approximately 39,000 independent agencies across the U.S.
InterWest was awarded “Best Practices” designation for 2013, 2014 and 2015, which is a recognition of our being one of the top-performing agencies in the U.S. To be considered, we were nominated by one of our carrier partners and then qualified based on our actual outstanding client retention, growth, stability and financial management results. Of the 1,100 agencies nominated, InterWest was one of only 35 in our class who scored high enough on the performance factors to receive the Best Practices status.
For additional information, please visit http://www.iwins.com/.
David Hock, of EPIC
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