Announced
Completed
Financials
Tags
Completed
insurance claims management
home insurance
Acquisition
Friendly
Property and Casualty Insurance
Majority
United States
casualty insurance
Domestic
Private
Private Equity
Single Bidder
Synopsis
Century Equity Partners, a private equity firm, completed the acquisition of a majority stake in Hancock Claims Consultants, an insurance claims services company. Financial terms were not disclosed. “We feel that Century is uniquely well-positioned to help accelerate Hancock’s already impressive growth trajectory. Furthermore, we believe Hancock represents a compelling investment opportunity given the fundamental changes occurring in the P&C claims industry as it relates to carriers focusing on lowering loss adjusting expenses and optimizing their staff resources," Keith Roux, Century Equity Principal.
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