EPIC Insurance Brokers & Consultants said Wednesday it acquired The Bond Exchange, a surety bond agency in Mission Viejo, California.
Terms of the transaction were not disclosed.
Founded in 1999, The Bond Exchange provides brokerage services to companies in construction, mining, real estate, renewable energy, technology, private equity and other sectors. The agency has about a dozen producers, according to its website.
CEO Yung Mullick, President James W. Moilanen, and Executive Vice President Austin Neff will continue to lead the business, reporting to Bobbi Jo DeNofa-Broad, president southwest territory at EPIC, the San Francisco-based brokerage said.
Among other things, the deal brings to EPIC the Bond 911 platform, a division of The Bond Exchange that targets smaller bonds, EPIC said.