Sedgwick, a global leader in claims management and loss adjusting, has entered into a strategic partnership with Altas Partners, a leading North American private equity firm. This alliance represents a pivotal step in Sedgwick’s evolution, underscoring a mutual commitment to advancing industry standards and service excellence.
In 2023, Sedgwick managed over eight million claims and handled fiduciary responsibilities for claim payments exceeding $33 billion. The collaboration aims to drive innovation and elevate client satisfaction within the claims management and loss adjusting sectors.
The transaction, facilitated by Morgan Stanley & Co. LLC, BofA Securities, J.P. Morgan Securities LLC, and Barclays, with legal guidance from Latham & Watkins LLP and Kirkland & Ellis, is expected to finalize in Q4 2024, subject to customary closing conditions.
Mike Arbour, CEO of Sedgwick, commented, “This partnership with Altas expands our global footprint, enhances service capabilities, and positions us for long-term success. Altas’s expertise and support will be instrumental as we continue to lead in innovation and assist our clients in navigating the complexities of today’s business landscape.”
