San Francisco, Calif. (July 21st, 2014)– The shareholders of JenkinsInsurance Services (Jenkins), a Leavitt Group agency, have sold100% of their shares in Jenkins to EPIC (Edgewood PartnersInsurance Center). The transaction, which closed on July 17, wasretroactively effective July 1. Jenkins, with California offices inConcord, Sacramento, San Jose, Orange County, and in Reno, Nevada,employs 160 and has approximately $34MM of annualrevenue.

While the terms of the deal were notdisclosed, Jenkins shareholders Curt Perata, John Connell, and MarkKarpenko all became shareholders of EPIC. Leavitt GroupEnterprises, the Leavitt Group's parent company, received cash forits majority ownership in Jenkins.

John Hahn, co-founder and CEO of EPIC said, “We have long knownand admired the capabilities and character of the Jenkinsorganization. Our two companies have a similar culture centered onputting employees and clients first, and our combined capabilitieswill deliver even more value to both clients and the community. Welook forward to our partnership with Curt Perata, John Connell, andMark Karpenko and adding their experienced leadership to our WestRegion operations.”

Eric Leavitt, the Leavitt Group's CEO, indicated that, “EPIC'soffer made all four Jenkins shareholders interested in doing atransaction we did not anticipate or previously desire. The dealwas compelling and will open new vistas for all four Jenkinsshareholders. We are in a very unique time in the market cycle andwe expect this transaction, as it pertains to the Leavitt Group, tobe just that – unique. The Leavitt Group has been built throughacquiring, forming, and fostering independent insurance agencies.We remain committed to this course. However, in this instance, itjust made good sense to sell.” Dan Francis, co-founder andexecutive chairman of EPIC said, “We are very pleased to have theJenkins team join the EPIC family. They bring a great managementteam, a strong sales organization, and a 'people first' culture. Welook forward to leveraging our combined assets into an evenstronger EPIC team.”

The Leavitt Group's executive chairman, Dane Leavitt, noted, “Wepart company with our friends at Jenkins with reciprocal goodfeeling. We enjoyed our service together. Our talentedcolleagues at Jenkins will continue to serve their clients withcommitment and excellence as part of EPIC. Each organization iscommitted to creating a seamless transition that is positive forclients, employees, insurers, and wholesalers.”

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About EPIC

EPIC is a unique and innovative retail property & casualtyand employee benefits insurance brokerage and consulting firm. EPIChas created a values-based, client-focused culture that attractsand retains top talent, fosters employee satisfaction and loyaltyand sustains a high level of customer service excellence. EPIC teammembers have consistently recognized their company as a “Best Placeto Work” in multiple regions and as a “Best Place to Work in theInsurance Industry” nationally.

EPIC has more than 600 team members operating from locationsacross California, Colorado, Georgia, Illinois, Massachusetts,Nevada and New York. With more than $150 million in revenues, EPICranks among the top 20 retail insurance brokers in the UnitedStates.

Backed by the Carlyle Group and Stone Point Capital, thecompany's strategic plan calls for a dramatic increase in revenue($250 million by 2018) and further expansion across thecountry. For additional information, please visit www.edgewoodins.com_.

About Leavitt Group

Leavitt Group Enterprises, founded in 1952, builds,serves, and perpetuates independent insurance agencies as amajority owner that partners with able individual co-owners. TheLeavitt Group currently consists of over 70 separate insuranceagencies with over 125 offices located in 17 states, and is one ofthe largest privately-held insurance brokerages in the nation.

Leavitt Group agencies provide clients with greater insurancemarket access, specialty products, and a wide-range of insuranceprograms. Clients receive property and casualty insurance, riskmanagement, employee benefits solutions, among other services.Clients also benefit from the consultative approach to riskmanagement found within the culture of each office and the uniqueflexibility that comes with local, on-the-ground agency owners. Formore information about the Leavitt Group, please visit www.leavitt.com.

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