Operations management, consulting and digital solutions provider Davies Group has announced the acquisition of Alternative Service Concepts, a workers’ compensation and property casualty third party administrator.
ASC is set to join Davies’ newly formed North American Claims Solutions business, alongside its recently-acquired independent adjusting business, Frontier.
ASC will form a new TPA arm within Claims Solutions, with president Glenn Backus continuing to lead the business alongside Chief Financial Officer Carolyn Adkins, Chief Operating Officer, Pam Finch and the wider team.
Meanwhile, all ASC employees will continue in their roles as Davies employees.
“I am thrilled that the ASC team have decided to join Davies and partner with us as we look to grow our US Claims Solutions business,” said Dan Saulter, Group Chief Executive.
“ASC has an excellent reputation and their client service focused culture is closely aligned with ours.
“Adding ASC to our newly formed independent adjusting business means we can now provide our insurance clients with multi-line claims solutions in the US and Canada, in addition to our established operations in the UK and Ireland.
“Adding claims TPA capability is an important part of our growth strategy in North America where we plan to continue developing our solutions through adding further complementary TPA and supply chain capabilities both organically and through additional acquisitions in the future.”
Glenn Backus, President of ASC, added, “I am delighted ASC will be joining Davies and excited about their ambitious growth plans in North America. I look forward to working with the wider Davies team to offer our solutions in this new geographic reach to our clients.”