M&A Deal Summary

Davies Acquires Alternative Service Concepts

On October 17, 2019, Davies acquired insurance company Alternative Service Concepts

Acquisition Highlights
  • This is Davies’ 5th transaction in the Insurance sector.
  • This is Davies’ 1st transaction in the United States.
  • This is Davies’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2019-10-17
Target Alternative Service Concepts
Sector Insurance
Buyer(s) Davies
Deal Type Add-on Acquisition

Target

Alternative Service Concepts

Nashville, Tennessee, United States
Alternative Service Concepts LLC the workers’ compensation and property and casualty third-party administrator (“TPA”), Operating nationally across the US, ASC provides specialist end-to-end claims solutions to the US & Lloyds insurance businesses, public entities, self-insured entities, insurance agencies, and brokers.

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Buyer(S) 1

Buyer

Davies

Stoke-on-Trent, United Kingdom
Category Company
Founded 1968
Sector Insurance
DESCRIPTION

Davies is a specialist professional service and technology business serving the global insurance market. The company delivers professional services and technology solutions across the risk and insurance value chain, including claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation, and change management. Davies was formed in 1968 and is based in Stoke-on-Trent, United Kingdom.

DEAL STATS #
Overall 7 of 8
Sector (Insurance) 5 of 5
Type (Add-on Acquisition) 6 of 7
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-15 RQIH - Insurance Services Assets

Hamilton, Bermuda

RQIH Ltd. - Insurance Services Assets comprises JMD and Requiem in the UK, Quest in Bermuda, and John Heath and AMA in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Keoghs

Bolton, United Kingdom

Keoghs LLP is a provider of claims-related services to insurers, businesses and other suppliers to the insurance sector. Keoghs specialises in motor, casualty, complex and speciality classes and at any one time. Keoghs LLP was established in 1970 and is based in Bolton, United Kingdom.

Buy -
Mergr

Product

Company

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