Sedgwick buys York Risk Services Group
Sedgwick has acquired York Risk Services Group, a provider of claims administration, managed care, specialized loss adjusting, pool administration and loss control solutions. No financial terms were disclosed. As part of the transaction, entities controlled by Onex Corporation, the Canadian investment firm that owned York, are rolling their equity into the combined business and have become a minority investor. BofA Merrill Lynch and Morgan Stanley served as financial advisers to Sedgwick while Jefferies LLC and J.P. Morgan Securities LLC did likewise for York. Sedgwick is backed by The Carlyle Group, Stone Point Capital LLC and Caisse de dépôt et placement du Québec.
4 September 2019•3 mins read
