M&A Deal Summary

Sedgwick Acquires JND Legal Administration

On December 7, 2021, Sedgwick acquired business services company JND Legal Administration from Stone Point Capital

Acquisition Highlights
  • This is Sedgwick’s 5th transaction in the Business Services sector.
  • This is Sedgwick’s 16th transaction in the United States.
  • This is Sedgwick’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-12-07
Target JND Legal Administration
Sector Business Services
Buyer(s) Sedgwick
Sellers(s) Stone Point Capital
Deal Type Add-on Acquisition

Target

JND Legal Administration

Seattle, Washington, United States
JND Legal Administration is a management and administration company delivering service lines in a class action, bankruptcy, eDiscovery, government services, and mass tort. JND’s team of industry veterans is passionate about providing outstanding service to clients. Armed with decades of expertise and a powerful set of tools, JND has deep experience expertly navigating the intricacies of class action settlements, corporate restructuring, eDiscovery, mass tort claims, and government services. JND Legal was founded in 2016 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Sedgwick

Memphis, Tennessee, United States
Category Company
Founded 1969
Sector Insurance
DESCRIPTION

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 18 of 20
Sector (Business Services) 5 of 6
Type (Add-on Acquisition) 16 of 18
State (Washington) 1 of 1
Country (United States) 16 of 18
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Temporary Accommodations

Atlanta, Georgia, United States

Temporary Accommodations provides high-quality, temporary housing and related services to displaced policyholders. Temporary Accommodations locates temporary housing options for displaced insurance policyholders and helps to manage additional living expenses during home insurance claims following the fire, water, wind, and storm damage, and emergency evacuations. Temporary Accommodations was founded in 1996 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Orchid Medical

Orlando, Florida, United States

Orchid Medical is a provider of integrated ancillary and surgical implant cost containment solutions for the workers' compensation industry. Orchid Medical works collaboratively with claims professionals and medical providers to cost-effectively manage and deliver the appropriate care and services injured employees need to recover. Orchid Medical is based in Orlando, Florida.

Buy -

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 46 of 51
Sector (Business Services) 6 of 8
Type (Add-on Acquisition) 24 of 27
State (Washington) 1 of 1
Country (United States) 41 of 46
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Mitchell

San Diego, California, United States

Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 KV National Land

New York, New York, United States

KV National Land is a full‐service national title insurance and settlement agency. The Company provides commercial and residential title insurance, settlement, escrow, and 1031 exchange services. KV National Land was founded in 2008 and is based in New York City.

Sell -
Mergr

Product

Company

Legal