PE-backed EPIC buys Sorci

EPIC Insurance Brokers and Consultants, which is backed by The Carlyle Group and Stone Point Capital, has acquired Sorci Insurance Brokerage. No financial terms were disclosed. Based in Los Gatos, California, Sorci is a provider of workers’ compensation insurance services.

PRESS RELEASE

SAN FRANCISCO, May 12, 2015 /PRNewswire/ — EPIC Insurance Brokers and Consultants, a retail property & casualty insurance brokerage and employee benefits consultant, announced today it has acquired Sorci Insurance Brokerage, Inc., a specialist in providing comprehensive Workers’ Compensation Insurance services to New Car Auto Dealers in California.

Founded in 1979 by Tom Sorci, Los Gatos, CA based Sorci Insurance Brokerage will further broaden the specialized Workers’ Compensation Insurance consulting services available to EPIC clients, particularly new car auto dealers – a long time area of expertise and focus for the firm. EPIC has been the licensed broker providing Workers’ Compensation Insurance and Employee Benefits Programs to members of the California New Car Dealers Association since 2011.

“The addition of Tom and his team is an exciting development in the continuing growth of EPIC,” said Curt Perata, EPIC Regional Director of Property & Casualty in Northern California. “Our clients benefit significantly when we add top professionals like the Sorci team with unique and highly specialized consulting skills and experience.”

Tom Sorci added, “We are very proud of the fact that we have always adhered to the simple philosophy of doing what’s in the best interest of the client, and extremely pleased that this philosophy aligns with EPIC’s culture. As part of EPIC, we will have access to more resources, experienced professionals in multiple disciplines, and extensive insurance company relationships – all of which will benefit our clients.”

Sorci went on to say, “The Sorci Insurance team has been together for more than twenty-five years and we are all very pleased that we will remain together as we join EPIC. Now united, the best is yet to come.”

Since The Carlyle Group became the firm’s major investment partner in December 2013, EPIC has completed eight strategic acquisitions/purchases, adding more than 300 team members in 14 new locations across the United States.

About EPIC:
Headquartered in San Francisco, EPIC Insurance Brokers and Consultants has nationwide presence with a depth of industry expertise across key lines of insurance, including commercial property and casualty, employee benefits, unique specialty program insurance, and private client services. Since its founding in 2007, EPIC has grown revenue from $5 million to $160 million through both organic growth and strategic acquisitions, and remains a fixture on the insurance industry’s “Best Places to Work” lists. Its strategic partners include private equity firms The Carlyle Group and Stone Point Capital. To learn more, visit http://www.epicbrokers.com/.