Add-on Acquisition • Insurance

Sedgwick Acquires VeriClaim

On September 17, 2014, Sedgwick acquired insurance company VeriClaim from Flexpoint Ford

Acquisition Context
  • This is Sedgwick’s 4th transaction in the Insurance sector.
  • This is Sedgwick’s 4th transaction in the United States.
  • This is Sedgwick’s 3rd transaction in Illinois.

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M&A Deal Summary

Date September 17, 2014
Target VeriClaim
Sector Insurance
Buyer(s) Sedgwick
Sellers(s) Flexpoint Ford
Deal Type Add-on Acquisition

Target Company

VeriClaim

Naperville, Illinois, United States
VeriClaim, Inc. is a provider of outsourced insurance claims services along three primary lines of business: commercial property claims adjusting, marine cargo claims services and claims management services.
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Buyer Overview 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 Context for Buyer #
Overall 4 of 21
Sector: Insurance 4 of 10
Type: Add-on Acquisition 4 of 18
State: Illinois 3 of 3
Country: United States 4 of 19
Year: 2014 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 T&H Global Holdings

Naperville, Illinois, United States

T&H Global Holdings LLC is a provider of insurance claims services to insurance carriers, insurance brokers, corporations and public entities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Unified Investigations & Sciences

Dallas, Texas, United States

Unified Investigations & Sciences, Inc. is an independent cause and origin investigation firms in the U.S. The company provides forensic engineering and investigations services and scene assessments for residential and commercial losses.

Buy -

Seller Profile 1

SELLER

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 8 of 23
Sector: Insurance 2 of 6
Type: Add-on Acquisition 5 of 13
State: Illinois 2 of 2
Country: United States 8 of 23
Year: 2014 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 T&H Global Holdings

Naperville, Illinois, United States

T&H Global Holdings LLC is a provider of insurance claims services to insurance carriers, insurance brokers, corporations and public entities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 American Strategic Insurance

St. Petersburg, Florida, United States

American Strategic Insurance specializes in personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance.

Sell $875M