M&A Deal Summary

TRISTAR Claims Management Services Acquires FiRMS Claims Services

On December 5, 2022, TRISTAR Claims Management Services acquired insurance company FiRMS Claims Services from First Insurance Company of Hawaii

Acquisition Highlights
  • This is TRISTAR Claims Management Services’ 1st transaction in the Insurance sector.
  • This is TRISTAR Claims Management Services’ 1st transaction in the United States.
  • This is TRISTAR Claims Management Services’ 1st transaction in Hawaii.

M&A Deal Summary

Date 2022-12-05
Target FiRMS Claims Services
Sector Insurance
Buyer(s) TRISTAR Claims Management Services
Sellers(s) First Insurance Company of Hawaii
Deal Type Divestiture

Target

FiRMS Claims Services

Honolulu, Hawaii, United States
FiRMS Claims Services is a domiciled third-party administrator. FiRMS Claims Services is based in Honolulu, Hawaii.

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Buyer(S) 1

Buyer

TRISTAR Claims Management Services

Long Beach, California, United States

Category Company
Sector Insurance
DESCRIPTION

TRISTAR Claims Management Services is a provider of third-party claims administrative services to the public, private, and alternative market sectors within the U.S. TRISTAR provides services for; property and casualty claims; benefits; absence management; and risk control and managed care. TRISTAR Claims Management Services is based in Long Beach, California.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

First Insurance Company of Hawaii

Honolulu,, Hawaii, United States

Category Company
Founded 1911
Sector Insurance
DESCRIPTION

First Insurance Company of Hawaii, provides a wide range of personal and commercial insurance products, which company distribute through 27 independent agencies throughout Hawaii.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1