GAB Robins, the giant Parsippany, N.J.-based claims adjusting firm, announced today it had sold its international subsidiaries to Cunningham Lindsey Group Ltd., and is in talks to reduce the company's stake in its United Kingdom operation.
The sale to Cunningham Lindsey–a Chicago-based adjusting and claims management company–includes the GAB forensic engineering firm EFI Global. Financial details of the transaction were not released.
Regarding its U.K. operations, GAB Robins said its majority owner, Brera Capital Partners LP, is in advanced discussions with the management of the company's United Kingdom business whereby management would become the majority owner of GAB Robins UK Ltd.
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