ABRY Partners Exploring Sale of York Risk Services

May 1, 2014

York Risk Services Group Inc., the insurance claims services provider owned by private-equity firm ABRY Partners LLC, is exploring a sale that may value the business at more than $1.5 billion, people with knowledge of the matter.

York Risk is working with Morgan Stanley on the sale process, said the people, who asked not to be identified discussing private information. York provides insurance claim- management services, including automobile and property liability as well as workers’ compensation claims.

Boston-based ABRY Partners acquired York in 2010, data compiled by Bloomberg show. Since then the company has struck five of its own acquisitions, the most recent being the purchase of American Claims Service Inc., which was announced in February.

Earlier this year, private-equity firm KKR & Co. bought insurance-claims provider Sedgwick Claims Management Services Inc. for $2.4 billion from Hellman & Friedman LLC.

Mary Claire Delaney, a spokeswoman at Morgan Stanley, declined to comment, while representatives for ABRY Partners and York Risk didn’t respond to e-mails and phone calls seeking comment.

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