EPIC Insurance Brokers and Consultants has acquired Trumark Insurance & Financial Services in Pleasanton, CA.
Trumark is a brokerage and general agency specializing in the institutional financial advisory market. A release said that the acquisition will add Trumark to EPIC’s financial services practice.
The acquisition complements the offerings of Vanbridge – an EPIC company – which focuses on alternative asset management corporate and individual high net worth clients. The business addresses risk-related issues through insurance and alternative capital.
“The addition of Trumark is an exciting step forward for EPIC’s Financial Services business, and an excellent opportunity to mutually build on each other’s success,” said EPIC Insurance Brokers & Consultants CEO Peter Garvey.
Garvey commented that the transaction furthers EPIC’s commitment to building its financial services practice.
“Joining EPIC provides us with an extraordinary, complementary portfolio of products and services as well as a significant distribution opportunity remarked Trumark principal Tom Bellig.
“We are excited about what this acquisition means for our evolving financial services practice,” added Vanbridge managing principal Mitchell K. Smith, who noted that the addition of Trumark gives EPIC and Vanbridge “greater depth, scale, and flexibility.”