TorQuest's SCM acquires P&C divisions of Granite Global Solutions
SCM Insurance Services, a portfolio company of Canadian private equity firm TorQuest Partners, has bought the property and casualty divisions of Granite Global Solutions Inc. The acquired businesses, Granite Claims Solutions, Granite Health Solutions, CKR Global and Rochon Engineering, were sold for an undisclosed price by U.S. private equity firm Genstar Capital, which bought Granite in 2010. With headquarters in Edmonton, SCM is a provider of claims management and outsourced services and has been backed by TorQuest since 2010. TorQuest was profiled by peHUB Canada last September following the close of TorQuest Partners Fund III at $535 million.
25 August 2014•4 mins read
