M&A Deal Summary

Century Equity Partners Acquires Hancock Claims Consultants

On January 7, 2021, private equity firm Century Equity Partners acquired insurance company Hancock Claims Consultants

Acquisition Highlights
  • This is Century Equity Partners’ 15th transaction in the Insurance sector.
  • This is Century Equity Partners’ 26th transaction in the United States.
  • This is Century Equity Partners’ 3rd transaction in Georgia.

M&A Deal Summary
Date 2021-01-07
Target Hancock Claims Consultants
Sector Insurance
Buyer(s) Century Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Waller Helms Advisors (Financial)
Alston & Bird (Legal)

Target

Hancock Claims Consultants

Alpharetta, Georgia, United States
Hancock Claims Consultants is the pioneer in professional property inspection claims services. Hancock gained the trust of carriers nationwide by providing a full range of professional services at a level of quality, consistency, and responsiveness unmatched in the industry. Hancock Claims Consultants is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 33 of 33
Sector (Insurance) 15 of 15
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (Georgia) 3 of 3
Country (United States) 26 of 26
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 PatientMatters

Orlando, Florida, United States

PatientMatters provides a technology-enabled, managed services offering that assists healthcare providers with the identification and management of the self-pay portion of accounts receivable. The company provides a solution for healthcare institutions that are struggling to address the dramatic change in the composition of their accounts receivable caused by the shift to high deductible health plans and higher co-payments. PatientMatters was formed in 2012 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 medSR

Brentwood, Tennessee, United States

medSR is a Healthcare Strategy and IT Consulting company that brings integrity, quality, and dependability when delivering outstanding services and value to Academic Institutions, Community Hospitals, Medical Practices, and Health Systems. Its services and solutions are evolving and adapting to fit the ever-changing landscape of the healthcare industry. medSR is based in Brentwood, Tennessee.

Sell -
Mergr

Product

Company

Legal