Independent global provider of claims solutions, Charles Taylor, has announced it has acquired The Matrix Companies, a third-party administrator and risk management specialist.
The acquisition is set to broaden Charles Taylor’s portfolio by including Matrix’s full spectrum of risk management and workplace safety solutions.
It will also provide Matrix clients with national claims and TPA coverage, property & casualty expertise, enhanced technology and sophisticated data and analytics reporting.
Charles Taylor suggests that this agreement will also bolster the firm’s presence in the Midwest as it continues its growth strategy across the country.
Christopher Schaffer, Chief Executive Officer for Charles Taylor Global TPA, commented, “This expansion further solidifies our strategy to deliver comprehensive, best-in-class claims solutions across the US.
“The Matrix team not only brings us local expertise and enhanced claims capabilities, but also a culture of professionalism and a reputation for remarkable customer service that is at the core of Charles Taylor’s values.”
Brent Messmer, President and CEO of The Matrix Companies, added, “Throughout this process, Charles Taylor has proven to be a company that places a high value on providing superior client service while also recognizing the importance of developing, supporting and retaining its employees.
“With this mindset, we’re excited for the ability to offer national claims management services to clients, while maintaining our people first culture.”
Matrix was founded in 2000 and has since established itself as a leading provider of workers’ compensation claims management in Ohio.
In addition to workers’ compensation, self-insured TPA and claims management services for employers in Ohio, Matrix offers a wide portfolio of employment and workforce services, including case management, unemployment administration, Family Medical Leave Act management and disability management for employers across the country.