Louisiana-based Worley Claims Services, a national independent insurance adjustment management service, announced the signing of a definitive agreement to acquire NCA Group, Inc., a national provider of daily and catastrophe residential and commercial property claims services throughout North America.
The transaction creates a market-leading diversified claims services company, differentiated by its ability to mobilize one of the largest adjuster networks in the United States for both daily and catastrophe claims events and provide an extensive range of claims-related services for its customers in all personal, commercial, environmental and government markets.
Aquiline Capital Partners, a New York-based private equity firm investing in financial services, acquired a majority stake in Worley last October.
NCA will maintain its independent operations within Worley and the senior management teams will actively collaborate to maximize the advantages of the combined platform for the entire client, adjuster, and employee bases. Michael Worley will remain chief executive officer of the combined company, and Allen Carpenter and Jim Pearl will run day-to-day operations as co-presidents.
StoneRidge Advisors, LLC acted as financial advisor to NCA.
Source: Worley Claims Services
Was this article valuable?
Here are more articles you may enjoy.