ClaimsPro, an affiliate of SCM Insurance Services, has bought Plant Hope Adjusters Ltd, an adjusting service based in Moncton, New Brunswick. The value of the acquisition was not disclosed. ClaimsPro said the addition of Plant Hope will position it as Atlantic Canada’s leading provider of independent adjusting services. Based in Edmonton, SCM is a claims management and outsourced services provider to the insurance industry. It has been backed by Canadian mid-market private equity firm TorQuest Partners since 2010.
ClaimsPro Strengthens its Atlantic Canada Coverage with the Acquisition of Plant Hope Adjusters
TORONTO – ClaimsPro today announced that it has acquired the leading Atlantic Canada adjusting service, Plant Hope Adjusters Ltd.
Plant Hope is the largest employee-owned regional independent adjusting service in Atlantic Canada. With 11 offices and 42 adjusters operating in the Maritime Provinces, Plant Hope provides services in complete loss investigation, marine surveying, and claims management to insurers. Led by Fred Plant, President, an Associate of the Insurance Institute of Canada and previously the President of the Canadian Independent Adjusters’ Association (CIAA), Plant Hope Adjusters exemplifies the type of strategic acquisition ClaimsPro strives to make in providing the best possible service and geographical coverage to its clients. The addition of Plant Hope will position ClaimsPro as Atlantic Canada’s leading provider of independent adjusting services.
“When we looked at our philosophy and ClaimsPro’s business strategy, we found significant alignment centered on our people and our commitment to delivering the best service to our clients,” said Fred Plant. “The success of Plant Hope is a direct result of an amazing team of professionals who, on a daily basis, contribute to making us who we are. We are excited about this new alliance and the opportunity for our people to reach even higher from the solid platform ClaimsPro has built across Canada.”
In his new role of Senior Vice President, Operations, Atlantic Canada, Fred will work alongside Wayne Guy, Vice President, Atlantic Canada. Their combined expertise and experience ensures the best possible service to the region.
“This merger means a great deal for us,” said Ross Betteridge, President of ClaimsPro. “ClaimsPro has always been focused on strong regional representation with the resources of a national company. We identified Plant Hope as a company that has great people and one that shares our corporate values and philosophy. This alliance gives us important regional scale and, when combined with ClaimsPro’s industry leading technology platform, positions us to provide the best products and services for our customers.”
“Plant Hope Adjusters has provided comprehensive adjusting services to Canada’s Atlantic Region for more than eighty years,” stated Bob Fitzgerald, CEO of SCM Insurance Services. “The addition of the great team of people at Plant Hope continues to strengthen ClaimsPro’s presence in Atlantic Canada and further solidifies SCM’s position as the leader in our industry.”
For more information, please contact:
Vice President Marketing & Communications
SCM Insurance Services
ClaimsPro is an independent adjusting and claims management company that has been working with Canada’s domestic insurance market since 1986. With offices throughout the country, ClaimsPro provides its clients with local expertise and the resources of a national company. Visit www.claimspro.ca to learn more.
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