Oak Hill to acquire Carlyle's stake in EPIC

Oak Hill Capital has agreed to acquire The Carlyle Group's stake in EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage and employee benefits consultant. No financial terms were disclosed. The deal is expected to close in the third quarter of this year. Bank of America Merrill Lynch served as lead financial adviser to EPIC with SunTrust Robinson Humphrey also providing financial advice. And, Barclays served as financial adviser to Oak Hill.

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