Sedgwick, a global provider specializing in claims management, loss adjusting, and business technology solutions, has announced that North American private equity firm Altas Partners has taken a minority stake in the company.
Altas, which focuses on selective investments in growth-oriented businesses, now joins Sedgwick's existing investors, including Carlyle Group and Stone Point Capital, among others.
Carlyle, a significant stakeholder since 2018, will maintain control of Sedgwick, working in close partnership with the investor group and Sedgwick’s management team.
Sedgwick CEO Mike Arbour highlighted the importance of this new partnership with Altas, stating it marks a milestone in the company’s trajectory, enabling a strategic vision that supports long-term growth through expanded global services.
“Today marks a significant milestone for Sedgwick as we embark on our journey that brings together a strategic vision building on our global footprint, comprehensive service capabilities and new service offerings for decades to come,” said Arbour.
The investment raises Sedgwick’s total enterprise value to approximately $13.2 billion, up from $6.7 billion at the time of Carlyle's initial investment. The growth reflects Sedgwick’s efforts to expand its reach in claims services and its commitment to leveraging data and technological advancements to meet evolving market demands. Sedgwick operates as a private entity, emphasizing independence in its business strategy.
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The financial advisors for Sedgwick in the Altas deal included Morgan Stanley & Co. LLC and BofA Securities, with legal counsel from Latham & Watkins LLP. Altas was advised by J.P. Morgan Securities LLC and Barclays as financial advisors, with legal support from Kirkland & Ellis.
Sedgwick employs more than 33,000 individuals across 80 countries and offers an array of services in areas such as casualty, property, marine, benefits, and brand protection. In its operations, Sedgwick aims to mitigate risks and costs for clients, ultimately fostering health, productivity, and brand integrity.
With Altas’s strategic minority investment, Sedgwick is positioned to continue its growth and maintain its focus on client needs.
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