Memphis-based Sedgwick Claims Management Services Inc. said it has completed its purchase of T&H Global Holdings, LLC and its subsidiaries (T&H).
Terms were not disclosed.
The acquisition brings to Sedgwick the people, business resources and global market presence of T&H’s subsidiaries, which include VeriClaim Inc., VRS VeriClaim U.K. Ltd, Unified Investigations & Sciences Inc., Cramer, Johnson, Wiggins & Associates Inc., (CJW) and Ellis May Chartered Loss Adjusters. T&H subsidiaries provide specialized claims services—such as property loss adjusting, field investigation, third-party claims management and fire and forensics investigation services—that complement Sedgwick’s existing capabilities.
David A. North, president and CEO, said the deal also expands Sedgwick’s international footprint to better serve clients that operate globally.
T&H Global Holdings was founded in 1918 and is headquartered in Naperville, Ill.
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.
Topics Mergers & Acquisitions
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