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New Deal


Announced

Completed

Crawford completed the acquisition of Praxis.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Full Line Insurance

Acquisition

United States

insurance

Private

Single Bidder

Friendly

Majority

Completed

Synopsis

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Crawford & Company, a publicly listed independent provider of claims management and outsourcing solutions, completed the acquisition of Praxis, a provider of outsourced subrogation claims management and recovery services. Financial terms were not disclosed. "We are excited to join forces with the team at Praxis Consulting, a leader in the subrogation claims market with over 20 years of recognized experience and proven results. Their execution capability, depth of expertise and strong client relationships will allow us to increase Crawford’s footprint in the claims ecosystem while delivering quality and expertise to existing and future clients," Larry Thomas, Crawford Global President.

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