A Boston private equity firm has acquired a majority interest in New Jersey-based York Risk Services Group.
ABRY Partners purchased the majority interest in York from another private equity firm, Odyssey Investment Partners, for an undisclosed sum, York said.
York Risk Services specializes in outsourced services to the insurance industry, including claims management, loss adjusting, pool administration and other risk management services for public entities.
“We are strong believers in the insurance services industry and excited to be participating in the sector through York,” said Brent Stone, a partner at ABRY, which focuses solely on media, communications, business and information services investments.
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