Sedgwick Claims Management Services Inc. has agreed to acquire T&H Global Holdings, LLC and its subsidiaries that provide insurance claims services to insurance carriers, insurance brokers, corporations and public entities.
The deal includes T&H subsidiaries VeriClaim Inc., VRS VeriClaim U.K. Ltd and Unified Investigations & Sciences Inc. along with Cramer, Johnson, Wiggins & Associates Inc. (CJW) and Ellis May. These firms provide specialized claims services including property loss adjusting, field investigation, third-party claims management and fire and forensics investigation services that Sedgwick says complement its existing capabilities.
In addition to T&H’s geographical presence in all 50 U.S. states and the U.K., this acquisition includes membership in the global vrs Adjusters’ organization that provides services in 150 countries and territories on six continents.
T&H was founded in 1918 and is headquartered in Naperville, Ill. Sedgwick is headquartered in Memphis, Tenn.
David A. North, Sedgwick’s president and CEO, said the acquisition of T&H “further solidifies Sedgwick’s status” in specialized claims and productivity management and also expands the company’s international footprint beyond North America “so it can better serve clients who operate globally.”
Sedgwick’s major investors are KKR and Stone Point Capital LLC. Stone Point Capital LLC and Hellman & Friedman LLC bought Sedgwick in 2010 for about $1.1 billion. In January, KKR bought a majority stake for $2.4 billion in January.
The transaction is subject to customary conditions and regulatory approvals and is expected to close in the next 60 days.
Topics Mergers & Acquisitions Claims
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