York Risk Services Group (York), a national provider of claims-management, specialized loss adjusting, insurance pool administration and other insurance services, has acquired Dublin, Ohio-based Avizent. The terms of the acquisition were not disclosed.
Avizent, a national third party administrator, provides claims management services, managed care services, alternative risk financing options and a variety of loss control services to clients ranging from public entities, self-insured clients and carriers.
York acquired Advizent from KRG Capital Partners (KRG), a Denver-based private equity firm. Private equity firm ABRY Partners LLC provided capital for the transaction, according to the companies’ announcements.
York is based in Parsippany, N.J., and has more than 1,200 employees nationwide.