Aquiline Capital Partners LLC, a New York-based private equity firm, announced it is acquiring a majority stake in Worley Claims Services, headquartered in Hammond, La.
Founded in 1976, Worley provides of claims adjustment and related services across the United States.
Worley CEO Michael Worley and the firm’s management team will be investing alongside Aquiline and own a significant equity interest in the company.
Worley’s former investment partners were Seaport Capital and Advantage Capital. Worley provides property, auto, personal lines and casualty claims adjustment and related services to national and regional insurance companies, as well as commercial clients and clients in the federal/state government sector.
The transaction, the terms of which were not disclosed, is subject to customary closing conditions. William Blair & Company acted as the exclusive financial advisor to Worley, Seaport and Advantage, and Stoneridge Advisors LLC acted as financial advisor to Aquiline.
Source: Aquiline Capital Partners LLC
Was this article valuable?
Here are more articles you may enjoy.