Cunningham Lindsey Acquires Loss Adjusting Unit of GAB Robins NA

Cunningham Lindsey has acquired the U.S. loss adjusting business of GAB Robins North America Inc.

The global loss adjusting and claims management services company said the addition of the GAB Robins loss adjusting business significantly expands Cunningham Lindsey’s operation in the United States, particularly in the commercial loss adjusting space.

Cunningham’s U.S. operation will expand by more than 380 people and 100 office locations as a result of the acquisition, bringing its total presence in the United States to more than 1,100 full-time employees in 200 office locations.

The Cunningham Lindsey and GAB Robins’ operations are complementary with minimal service and client redundancy. The combined business will provide Cunningham Lindsey’s clients with a comprehensive service offering across the full spectrum of industrial, commercial and personal property, and casualty claims, both within the United States and globally.

The combined business will operate under the Cunningham Lindsey name.

Cunningham Lindsey is majority-owned by Stone Point Capital LLC, a private equity firm specializing in the global insurance and financial services sectors. Stone Point acquired a majority interest in Cunningham Lindsey in 2007.

Source: Cunningham Lindsey

Topics USA Mergers & Acquisitions Profit Loss