York Risk Services Group, a provider of claims administration and risk management services, has acquired the assets of American Claims Services, Inc. (ACSI) based in Houston, Texas and Destrehan, Louisiana.
Both John Bannon and Bill Johnson of ACSI will continue to lead the acquired business. The terms of the acquisition were not disclosed.
ACSI provides claims adjusting services primarily to the London Market, as well as First Response/Medical Management Services 24/7 to the Energy Sector. This acquisition is part of York's ongoing strategic initiative to expand the breadth of its specialized loss adjusting and medical cost containment services.
Commenting on the ACSI deal, Danny Miller, President of York Specialized Loss Adjusting (York SLA), said, “This acquisition builds upon and enhances our presence and reputation in both the London Market and Energy Sector and expands our service offerings. ACSI has quality leadership, claims staff, and dedicated resources for managing and understanding the regulatory and loss fund responsibilities of London Binder business. Bill Johnson and his team are well respected within their energy niche and the addition of First Response will assist York's portfolio of energy clients in the domestic and international markets.”
John Bannon, ACSI Co-President added, “The ACSI team is excited about our partnership with York. We believe that being part of York will be a win/win for our customers and employees and will be a springboard for future growth in the London Market.”
Meanwhile, Bill Johnson, ACSI Co-President, said he looks forward to working with York and expanding ACSI's First Response capabilities to York's broad customer base. Rick Taketa, president of York Risk Services Group, adds, “ACSI is a natural fit with York, [as] both organizations share a commitment to excellence, service, quality and delivering outstanding results to our customers.”
Chris Heckert, vice president of Generational Capital Markets, was an advisor to ACSI in this transaction.
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