Flexpoint Ford said Wednesday that it has bought a majority stake in Toplis & Harding Holdings from Silver Oak Services Partners. Toplis & Harding, or VeriClaim, provides specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities. Financial terms were not announced.
Flexpoint Ford, LLC, a private equity firm focused on the financial services and healthcare sectors, announced today that it has acquired a majority interest in Toplis & Harding Holdings, Inc. (“VeriClaim”) from Silver Oak Services Partners, LLC. VeriClaim, is a leading provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities.
“VeriClaim maintains an excellent reputation as one of the premier providers of complex claims services to the insurance market, and we are excited to partner with the company’s talented management team,” said Chris Ackerman, Principal of Flexpoint Ford. “We believe the fragmented claims services sector represents a significant growth opportunity and the company’s world class capabilities make VeriClaim an attractive platform investment.”
“We are excited to partner with Flexpoint Ford and believe they will serve as an excellent financial partner as we continue to grow VeriClaim into the global leader in specialized insurance claims services,” said Michael Arbour, President and CEO of VeriClaim. “Flexpoint brings deep expertise in the insurance and insurance services industries, and we look forward to leveraging their experience to facilitate the continued expansion and enhancement of our service capabilities.”
About Toplis & Harding Holdings
Toplis and Harding Holdings, Inc., through its operating subsidiaries VeriClaim, Inc., VRS VeriClaim U.K. Ltd, and Unified Investigations & Sciences, Inc., is a preeminent provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities. The company leverages its specialized domain expertise, experienced professional staff, and process knowledge to provide its clients loss adjusting, third-party claims management and fire and forensics investigation services. VeriClaim serves a blue chip global client base that includes leading insurance underwriters, brokers and Fortune 500 companies. The company was founded in 1918 and is headquartered in Naperville, Illinois. For more information about VeriClaim, please visit www.vericlaiminc.com and www.uis-usa.com.
About Flexpoint Ford
Flexpoint Ford, LLC is a private equity firm dedicated to the financial services and healthcare sectors. Flexpoint Ford seeks to build relationships with executives and companies who look for Flexpoint to be a value-added partner. Flexpoint Ford currently has $1 billion in committed capital and aims to invest $10 to $100 million of equity in each opportunity. For more information about Flexpoint Ford, please visit www.flexpointford.com.