Engle Martin & Associates said Tuesday it agreed to buy a majority of Eberl’s Claim Service Inc. The deal includes Eberl’s Acquisition Co. LLC, dba Eberl Claims Management LLC, ETS Holding Company Inc., and Eberl’s Temporary Services. Forsyth Capital is also investing. Denver-based Eberl is a claims adjustment and insurance services firm.
ATLANTA–(BUSINESS WIRE)–Engle Martin & Associates, a global diversified insurance services provider, has announced the signing of a definitive agreement to acquire a majority of Eberl’s Claim Service, Inc., Eberl’s Acquisition Co., LLC, dba Eberl Claims Management, LLC, ETS Holding Company, Inc., and Eberl’s Temporary Services, Inc. (together “Eberl”). This is Engle Martin’s fourth add-on acquisition in the last twenty months and accelerates the company’s growth and diversification in the insurance services sector. Eberl provides a full suite of complementary daily and catastrophe loss adjusting and claims-related services, with a focus on residential and automobile insurance claims.
“The strong cultural fit with Engle Martin and the long-term orientation of Forsyth Capital made this the perfect partnership opportunity as Eberl pursues its next phase of growth,” said Eberl President and Founder, Kirk Eberl. “We wanted to transition ownership to someone who would build on the legacy that we’ve created and maintain an unparalleled focus on the Eberl employees along with our adjusters and clients. We are really excited to partner with the Engle Martin and Forsyth Capital teams.”
The addition of Eberl further expands Engle Martin’s market-leading insurance services platform which will include three core service platforms once the transaction closes. The firm’s traditional commercial property and casualty adjusting and third-party claims administration division continues to expand its geographic footprint and build out its specialty service offerings. PT&C|LWG, the firm’s global forensic engineering and consulting platform formed via two recent acquisitions, continues to invest in building out its global platform and attracting the strongest experts in the industry. Eberl, which will become the firm’s third division, brings a balanced focus on adjusters and clients that has helped the Company grow to be one of the largest national providers of daily and catastrophe claims services to insurance carriers.
“The acquisition of Eberl strengthens our service capabilities for our customer base and significantly expands our ability to respond to large-scale catastrophic events and daily recurring events. Our strategy has always centered on meeting our clients’ needs and exceeding their expectations, and adding these key, complementary services allows us to respond to our customers more effectively,” said John Quinn, CEO of Engle Martin.
Headquartered in Denver, CO, Eberl was founded in 1987 by Kirk and Grace Eberl. The firm maintains a national network of adjusters capable of responding to carriers’ claim adjusting and other claims services needs in all 50 states. CEO Gerrad Brigham, along with the existing highly talented executive team, will continue to lead the company, which will maintain its independent management structure.
“Eberl has achieved tremendous growth in the first 28 years of operations, and we are really excited to partner with Engle Martin to diversify and strengthen our service offering and remain a leading provider to insurance carriers throughout the country,” said Brigham. “We have built Eberl with a mutual focus on our clients and our adjusters. By partnering with Engle Martin, we will continue to invest in both of these areas to drive growth and an unmatched combination of quality and service through our team of professionals.”
The addition of Eberl further cements Engle Martin’s position as a leading insurance services platform with an enhanced and diversified service offering and a broader client base. While each platform within Engle Martin is independently run via its own standalone management team, the firm’s leaders are committed to sharing best practices to ensure that clients, adjusters and all employees benefit from the firm’s unwavering focus on building an enduring organization that values both people and performance.
About Engle Martin & Associates, Inc.
Engle Martin is a leading national independent loss adjusting and claims management provider. Privately held and owner operated, Engle Martin is committed to meeting the ever-changing demands of the insurance industry and to delivering consistent and quality claims service. The firm provides a comprehensive line of service offerings including commercial property, casualty, inland marine/cargo, heavy equipment and large loss adjusting, as well as TPA/claims management and subrogation. For more information, visit:www.englemartin.com
About Forsyth Capital Investors, LLC
Forsyth Capital Investors is a St. Louis-based investment firm focused on making long-term investments in middle-market companies. Forsyth Capital’s investment approach offers a balanced blend of private equity fundamentals and significant operational expertise made possible by its strategic relationship with Barry-Wehmiller Group, Inc., a diversified capital equipment manufacturer. Because of its unique relationship with an active operating company, Forsyth Capital Investors offers many of the value-added resources of a strategic partner, while maintaining the entrepreneurial spirit and autonomy of the portfolio company’s leadership team. For more information, visit www.forsythcapital.com
About Eberl Claims Services
Eberl has been a leader in the claims adjustment and insurance services industry since its inception in 1987. The firm delivers daily and catastrophe loss adjusting and claims services via a national network of adjusters who handle over 100,000 claims annually. The firm has worked every major catastrophe for nearly three decades with a focus on residential and automobile claims services. The firm’s vision is to deliver innovative insurance claims solutions that exceed client’s expectations. For more information, visit www.eberls.com