Waller Helms Advisors served as financial advisor to The Littleton Group in connection with this transaction
Davies, the leading specialist professional services and technology business, serving the insurance and wider highly regulated markets, today announces the acquisition of The Littleton Group (“Littleton”), the Texas, US based provider of insurance claim services. Littleton delivers third party administration (“TPA”) and claims adjusting for insurance carriers, managing general agents, off-shore & stateside captives, municipalities, private entities, and self-insured businesses.
Under the deal Littleton will join Davies’ rapidly growing US based Claims Solutions arm, adding significant scale to its existing Property & Casualty operations. Current Littleton CEO Steve Streetman will join Davies in an advisory and consulting role, to support integration and growth initiatives. Jeff Bode, Littleton COO, will continue to lead the day to day operations, reporting directly to Peter Wilson who was recently promoted to head Davies’ US Property & Casualty claims operations. All 165 employees will continue in their roles within Davies.
Steve Streetman, Littleton added: “We’re really pleased to be joining forces with Davies, an organization committed to growth and innovation within the claims market in the US. Davies’ history of investing in people and technology, along with a commitment to always put the interests of clients first, aligns well with our values. The cultural fit with Davies was an important factor and I believe the combination with Davies will present Littleton employees more career development opportunities and an exciting future as the company continues to grow.”