New Jersey-based York Risk Services Group, a claims administration and risk management services provider, announced it has acquired the assets of American Claims Services Inc. (ACSI) based in Houston, Texas and Destrehan, La.
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 and medical management services to the energy sector.
The acquisition is part of York’s strategy of expanding the breadth of its specialized loss adjusting and medical cost containment services.
Chris Heckert, vice president of Generational Capital Markets, was advisor to ACSI in this transaction.
Source: York Risk Services Group, American Claims Services Inc.