Sedgwick Claims Management Services Inc. agreed to acquire T&H Global Holdings LLC and its subsidiaries, including VeriClaim Inc., VRS VeriClaim U.K. Ltd., Unified Investigations & Sciences Inc., Cramer, Johnson, Wiggins & Assocs. Inc. and Ellis May.
T&H subsidiaries provide specialized claim services, including property loss adjusting, field investigation, third-party claims management and fire and forensics investigations services that notably compliment Sedgwick's existing capabilities. Furthermore, the acquisition will allow Sedgwick to expand its global footprint, as T&H locations span all 50 U.S. states and the U.K.
The acquisition also includes membership in the global vrs Adjusters' organization that provides services in nearly 150 countries and territories on six continents.
“This is an exciting next step for Sedgwick as we continue to drive innovative solutions for employers and the industry,” said David A. North, Sedgwick's president and CEO. “Combining the vast capabilities of the T&H and VeriClaim companies with our already robust service offerings will allow us to better serve the increasingly complex needs of our clients. With an array of property adjusting services, specialized desk-top offerings and forensic investigations, we can now respond in a more comprehensive manner during the times our clients need us the most.”
Solidifying its status as a leading provider of specialized claims and productivity management solutions, the acquisition expands the company's international footprint, allowing the company to better serve clients who operate globally.
“We are excited to join the Sedgwick organization,” said Michael Arbour, president and CEO of T&H Global Holdings LLC. “Our cultures and specialized claims expertise are truly complementary. With our combined business, we will be able to provide even better solutions for the multifaceted claims needs of our clients.”
The transaction is expected to close in the next 60 days.
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