M&A Deal Summary

Galway Insurance Acquires EPIC Insurance Brokers & Consultants

On June 19, 2020, Galway Insurance acquired insurance company EPIC Insurance Brokers & Consultants from Oak Hill Capital

Acquisition Highlights
  • This is Galway Insurance’s 2nd transaction in the Insurance sector.
  • This is Galway Insurance’s 2nd transaction in the United States.
  • This is Galway Insurance’s 1st transaction in California.

M&A Deal Summary

Date 2020-06-19
Target EPIC Insurance Brokers & Consultants
Sector Insurance
Buyer(s) Galway Insurance
Sellers(s) Oak Hill Capital
Deal Type Add-on Acquisition

Target

EPIC Insurance Brokers & Consultants

San Francisco, California, United States
EPIC Insurance Brokers & Consultants is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC's expertise across key lines of insurance, including risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services. EPIC Insurance Brokers & Consultants was founded in 2007 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Galway Insurance

Chicago, Illinois, United States

Category Company
Founded 2020
Sector Insurance
Employees3,100
DESCRIPTION

Galway Insurance is a vertically integrated property and casualty insurance and employee benefits. Galway Insurance operates over 100 offices throughout the US and manages $7bn of premium for clients. Galway Insurance was founded in 2020 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-19 Jencap

New York, New York, United States

Jencap is a specialty insurance distribution and program management business, including managing general agencies, specialty program underwriters, transactional wholesale brokers, and captive managers. JenCap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisition strategies leveraging technology and advanced data analytics. Jencap was founded in 2016 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Simatree

Arlington, Virginia, United States

Simatree is a strategic advisory firm specializing in data, analytics, technology consultation and digital transformation. Simatree was founded in 2018 and is based in Arlington, Virginia.

Buy -

Seller(S) 1

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 50 of 55
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 22 of 23
State (California) 6 of 6
Country (United States) 42 of 46
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-19 Galway Insurance

Chicago, Illinois, United States

Galway Insurance is a vertically integrated property and casualty insurance and employee benefits. Galway Insurance operates over 100 offices throughout the US and manages $7bn of premium for clients. Galway Insurance was founded in 2020 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 GoNetspeed

Rochester, New York, United States

GoNetspeed is a full service telecommunications provider, offering a wide array of communication services. The company’s services include local and long distance telephone, digital high-speed data lines, transport services, network access, cable television and other related services. GoNetspeed was founded in 1998 and is based in Rochester, New York.

Buy $106M