Sedgwick announces strategic partnership with Altas Partners
Sedgwick, a global provider of claims management, loss adjusting and technology-enabled business solutions, announced a strategic investment from Altas Partners, a North American private equity firm. Current investors, including funds managed by global investment firm Carlyle and by Stone Point Capital LLC, will remain as investors and continue to make significant new investments in the business, with Carlyle maintaining its control position in partnership with the investor group and the Sedgwick management team.
This transaction implies a total enterprise value of approximately $13.2 billion, an increase from $6.7 billion when Carlyle made its initial investment in Sedgwick in 2018. Altas has committed to invest $1 billion of equity as part of the transaction and will be an active participant in the company’s value creation journey going forward.
In 2023, Sedgwick handled more than eight million claims and had fiduciary responsibility for claim payments totaling more than $33 billion. The company will remain an independent, private company with an undiluted focus on claims handling excellence, use of robust data science and technological innovation.
“This new partnership with Altas, and our current stakeholders, brings together a strategic vision that builds our global footprint, expands comprehensive service capabilities and enhances our business for decades to come. Altas has a history of actively supporting companies in its portfolio, and they are very knowledgeable in the challenges our clients face in today’s competitive business environment. We look forward to leveraging their expertise as informed and engaged strategic allies as we continue to lead the industry in innovation and enable clients to thrive by helping them navigate the unexpected.” – Mike Arbour, CEO of Sedgwick.
“We are incredibly proud of the growth Sedgwick has achieved under our ownership. As we welcome Altas to the partnership, we are excited about the future and look forward to supporting Sedgwick’s continued growth and innovation. Together, with our new and existing partners, we are committed to further enhancing Sedgwick’s industry-leading capabilities and global footprint.” – Will McMullan, Partner and co-Head of Global Financial Services at Carlyle.
“Sedgwick is an exceptional company, led by a terrific team, that we have coveted for many years. Our strategy is incredibly selective; we only invest in businesses that possess the rare combination of quality, durability and meaningful line of sight for growth. These opportunities are hard to come by, and a business like Sedgwick fits squarely within our framework. We are excited to work in close partnership with Mike Arbour and team to support the many value creation opportunities that lie ahead.” – Paul Emery, Partner at Altas.
“we have known the Sedgwick leadership team for many years and are thrilled to continue the partnership alongside Carlyle and Altas. Sedgwick is a leader in the risk, loss adjusting and claims management industries, and we look forward to supporting the company’s mission in its next stage of growth.” – Jim Carey, Co-CEO of Stone Point.
