PSA Purchases EPIC’s East Coast Office, Forms Risk Solutions Group [Professional Services Close – Up]

PSA Insurance & Financial Services has announced the acquisition of the Baltimore office of San Mateo, Calif.-based Edgewood Partners Insurance Center (EPIC), a provider of risk management and insurance services.

In a release, the Company said that the acquisition adds depth, expertise, and new services to the company while building upon its vision to serve businesses of all sizes in property and casualty insurance, employee benefits and retirement plan services.

With the acquisition of EPIC's Baltimore office, PSA welcomes Craig Routson and Brian Marx, each with over 25 years of experience managing risk for companies and organizations and entities with distinctive and/or sizable risk exposure. The duo, along with support personnel, will spearhead PSA's new Risk Solutions Group, overseeing PSA's largest risk management accounts.

PSA said that the EPIC team brings an impressive client portfolio to PSA, with specific expertise in alternative energy, healthcare, aviation, and satellite technology. Clients include major metropolitan transit authorities, national associations, and solar industry providers, among many others.

"This is an important and exciting day for PSA as we build on our commitment to growth and welcome the exceptional team from EPIC," said PSA's Managing Director, Chip Lewis. "To date, our property & casualty services have focused on the needs of small to middle- market businesses. The EPIC team brings considerable strength and experience in servicing larger companies with sophisticated insurance & risk management needs. By combining our resources, our clients will benefit from access to a stronger team, and PSA will be well-positioned to pursue sizable new business opportunities throughout the country."

"We met with several insurance firms in this process and concluded that PSA was the ideal fit due to the firm's extraordinary commitment to client service and focus on long-term growth," said Routson, who becomes Senior Vice President and Team Leader of PSA's Risk Solutions Group. "Joining PSA simply felt right for all of us and I know our clients will benefit from PSA's strong leadership, vast resources, passionate support personnel and strength in retirement planning and employee benefits."

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