IAS Claim Services (“IAS”), a national property claims services firm that provides a range of tech-enabled claims solutions, announced that it has signed a definitive agreement to be acquired by the Davies Group, a leading specialist professional services and technology business, serving insurance and highly regulated markets.
Based in San Antonio, Texas, IAS provides desk adjusting, field adjusting and third party administration (“TPA”) services and specializes in daily property, commercial, catastrophe and large loss claims. IAS will fold its national network of 6,000+ independent adjusters into Davies’ existing U.S. based Claims Solutions business led by CEO, Matt Button. Walter Leddy, IAS’ CEO and the existing management team will continue to lead the day-to-day operations and the wider team will continue in their roles within Davies.
The transaction marks Davies’ largest U.S. acquisition and an entrance into U.S. property loss adjusting services. IAS represents a platform that Davies plans to grow organically while continuing to execute M&A transactions in both loss adjusting and complementary service lines throughout the U.S. market.
Waller Helms Advisors served as financial advisor to IAS during this transaction.