Harvest Partners to invest in Galway Insurance Holdings.

Private equity firm Harvest Partners agreed to invest in Galway Insurance Holdings, the holding company for EPIC Brokers & Consultants and JenCap Holdings, which together represent one of the US' largest insurance distribution firms. Galway’s existing private equity investors, Oak Hill Capital and The Carlyle Group, will reinvest alongside the management team and employee shareholders, who will remain significant shareholders. Financial terms were not disclosed. "John, Steve and John have built an exceptional business with the support of Oak Hill and Carlyle that we look forward to continue aggressively growing” with Steve Carlson, Partner, adding “It is an optimal time to invest in such a strong team to capitalize on favorable dynamics in the insurance distribution space," Jay Wilkins, Harvest COO and Partner.