Broadspire, a Platinum Equity company and provider of casualty and disability claims management services, has sold its NATLSCO risk and safety division to Bureau Veritas.
Bureau Veritas, a global company that specializes in quality, health, safety and environmental services, is an ideal fit for NATLSCO, according to Dennis Replogle, Broadspire’s president and chief executive officer. “This is an excellent opportunity for NATLSCO to increase its market share. This transaction works in the best interest of all involved parties,” Replogle said. NATLSCO provides an array of risk and safety consulting, training and laboratory services to a client base in diverse industries.
Broadspire will contract with NATLSCO to provide risk and safety services to its clients, Replogle said. “Risk and safety consulting is extremely important to our customers, and we will partner with NATLSCO to continue to provide those services to help prevent and reduce their losses.”
NATLSCO’s revenues have reportedly continued to increase over the past year, but Replogle said the business unit accounted for a small percentage of Broadspire’s revenue.
Bureau Veritas is dedicated to North American expansion, and has completed a number of acquisitions, including US Laboratories and Clayton Group Services, in the last three years. NATLSCO product offerings will complement and enhance the overall Bureau Veritas services portfolio, according to NATLSCO vice president Robert Donze.
Based in Lake Zurich, Ill., NATLSCO will retain its name and staff.
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