KKR, Caisse-backed Sedgwick to buy Cunningham Lindsey

Sedgwick Claims Management Services Inc has agreed to acquire Cunningham Lindsey, a Tampa, Florida-based loss adjusting and claims management company. No financial terms were released. Memphis, Tennessee-based Sedgwick said the deal will enhance its market position as a risk and benefit solutions provider and broaden its global footprint. Sedgwick is majority owned by U.S. private equity firm KKR. Last year, Caisse de dépôt et placement du Québec invested US$500 million in the company, joining KKR and minority investor Stone Point Capital. Cunningham is being sold by CVC Capital Partners.

DealsCanadaNorth AmericaBriefs