Sedgwick Claims Management Services, a portfolio company of KKR and Stone Point Capital, has agreed to buy T&H. No financial terms were disclosed. The deal is expected to close in the next 60 days. Headquartered in Naperville, Illinois, T&H is a specialized claims services provider.
MEMPHIS, Tenn., Sept. 17, 2014 /PRNewswire/ — Sedgwick Claims Management Services, Inc. (Sedgwick), announced today that they have signed an agreement to acquire T&H Global Holdings, LLC and its subsidiaries (T&H).
T&H subsidiaries VeriClaim, Inc., VRS VeriClaim U.K. Ltd, Unified Investigations & Sciences, Inc., Cramer, Johnson, Wiggins & Associates, Inc., (CJW) and Ellis May provide specialized claims services including property loss adjusting, field investigation, third-party claims management and fire and forensics investigation services that notably complement Sedgwick’s 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 nearly 150 countries and territories on six continents.
“This is an exciting next step for Sedgwick as we continue to drive innovative solutions for employers and the industry,” said David A. North, Sedgwick’s president and CEO. “Combining the vast capabilities of the T&H and VeriClaim companies with our already robust service offerings will allow us to better serve the increasingly complex needs of our clients. With an array of property adjusting services, specialized desk-top offerings and forensic investigations, we can now respond in a more comprehensive manner during the times our clients need us the most.”
The strategic acquisition of T&H further solidifies Sedgwick’s status as the leading provider of specialized claims and productivity management solutions. It also expands the company’s international footprint beyond North America so it can better serve clients who operate globally.
“We are excited to join the Sedgwick organization,” said Michael Arbour, president and CEO of T&H Global Holdings, LLC. “Our cultures and specialized claims expertise are truly complementary. With our combined business, we will be able to provide even better solutions for the multifaceted claims needs of our clients.”
The transaction is subject to customary conditions and regulatory approvals and is expected to close in the next 60 days.
About T&H Global Holdings, LLC
T&H Global Holdings, LLC, through its operating subsidiaries VeriClaim, Inc., VRS VeriClaim U.K. Ltd, Unified Investigations & Sciences, Inc., Cramer, Johnson, Wiggins & Associates, Inc. (CJW) and Ellis May, is a premier provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities. The company leverages its specialized domain expertise, experienced professionals 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, Ill.
Sedgwick Claims Management Services, Inc. is the leading North American provider of technology-enabled claims and productivity management solutions. Sedgwick and its affiliated companies deliver cost-effective claims, productivity, managed care, risk consulting and other services to clients through the expertise of more than 11,000 colleagues in some 200 offices located in the U.S. and Canada. The company specializes in workers’ compensation; disability, FMLA, and other employee absence; managed care; general, automobile, and professional liability; warranty and credit card claims services; fraud and investigation; structured settlements; and Medicare compliance solutions. Sedgwick and its affiliates design and implement customized programs based on proven practices and advanced technology that exceed client expectations. Sedgwick’s major investors are KKR and Stone Point Capital LLC. For more, see www.sedgwick.com.