M&A Deal Summary

Genpac Acquires BrightClaim

On May 3, 2017, Genpac acquired insurance company BrightClaim from Century Equity Partners

Acquisition Highlights
  • This is Genpac’s 1st transaction in the Insurance sector.
  • This is Genpac’s 11th transaction in the United States.
  • This is Genpac’s 1st transaction in Georgia.

M&A Deal Summary

Date 2017-05-03
Target BrightClaim
Sector Insurance
Buyer(s) Genpac
Sellers(s) Century Equity Partners
Deal Type Add-on Acquisition

Target

BrightClaim

Atlanta, Georgia, United States
BrightClaim LLC is a national provider of outsourced insurance property claims services. BrightClaim provides insurance carriers with a suite of services for managing daily and catastrophe claims, including claims adjusting, TPA services, and contents pricing services. BrightClaim LLC was established in 2004 and is headquartered in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Genpac

Hamilton, Bermuda

Category Company
Founded 1997
Sector Business Services
Employees135,200
Revenue 4.5B USD (2023)
DESCRIPTION

Genpact is a provider of business process outsourcing services. Genpact provides services through a global network of service centers. Genpact was founded in 1997 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 17 of 24
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 16 of 22
State (Georgia) 1 of 1
Country (United States) 11 of 18
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 Rage Frameworks

Westwood, Massachusetts, United States

Rage Frameworks, Inc. is a provider of enterprise mission critical Business Process Automation and Big Data solutions and products as a managed service, based on pioneering and patented technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 OnSource

Braintree, Massachusetts, United States

OnSource LLC is a provider of Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers. OnSource LLC was established in 2011 and is based in Braintree, Massachusetts.

Buy -

Seller(S) 1

SELLER

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 17 of 23
Sector (Insurance) 11 of 12
Type (Add-on Acquisition) 8 of 13
State (Georgia) 2 of 2
Country (United States) 11 of 17
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 PhyNet Dermatology

Franklin, Tennessee, United States

PhyNet Dermatology is an outsourced managed services company for dermatology practices. PhyNet provides key administrative services for these practices including billing and collections, payor contracting/negotiation, compliance, finance and accounting, and M&A execution and integration. PhyNet Dermatology is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Priority Care Solutions

Tampa, Florida, United States

Priority Care Solutions LLC is the only national specialty managed care services and network provider that offers full transparency and a budget guarantee through two offerings: Priority Financial Guarantee and Therapy Transparent. Drawing on the cumulative experience of an executive leadership team with an average of 20 years in all areas of workers' compensation, PCS has created unique, pro-active solutions to mitigate risk, create operational efficiencies and reduce costs while providing compassionate, exceptional, and timely care to the injured worker.

Sell -