Davies Group acquires transportation claims specialist Johnson Claim Service
Davies Group, a UK-based professional services and technology firm, has acquired Johnson Claim Service, a transportation claims specialist in the US that offers third party administration (TPA), adjusting and appraisal services.
The financial terms of the deal have not been disclosed.
Based in Tulsa, Oklahoma, Johnson Claim Service provides specialist end-to-end claims solutions mainly to London Market Brokers and Lloyds insurance businesses.
Johnson Claim Service will join Davies Group’s claims solutions business in the US and will add its specialist transportation claims capability.
Allen Johnson, President of Johnson Claim Service, will continue in a claims management and consultant role, while Bryan Johnson, the company’s COO will continue to head the day-to-day operations of the business.
All the 40 employees of Johnson Claim Service will continue in their roles as Davies Group’s colleagues.
Davies Group acquires transportation claims specialist Johnson Claim Service
Allen Johnson said: “I’m delighted Johnson Claim Service will be joining Davies, and being able to offer a broader service offering to our clients was an important factor for us. This move will create exciting opportunities for our staff and clients.
“Davies’ focus on employee engagement and investment in technology and innovation was a big attraction for us and we are looking forward to being part of the plans for further expansion in the US.”
The transaction marks the sixth acquisition of Davies Group this year after the acquisitions of Keoghs, Codebase8, Citadel & Cedar Consulting, ContactPartners, and TriPlus.
Dan Saulter – Davies Group CEO said: “We are excited to welcome Allen, Bryan and the wider Johnson team to Davies. The team brings specialist transportation capabilities in the US that we can offer to our insurance clients across the globe.
“Growing our claims solutions platform in the US is a central part of our strategy for growth. We will continue to add complementary TPA, adjusting and supply chain services both organically and through additional acquisitions.”