Longshore Capital Partners has announced that it has completed the acquisition of a multi-line independent insurance adjustment agency, Southwest Adjusters, with Evolve Capital Partners acting as the exclusive financial advisor.
Southwest Adjusters (SWA) is headquartered in Dickinson, TX, and provides outsourced insurance claim adjusting services nationwide for property, catastrophe, desk and damage appraisal claims. Longshore states that its investment puts SWA in a position to expand its leadership as a trusted partner to insurance carriers across the United States.
Ryan Anthony, Co-Founder and Partner at Longshore, commented, “The team at SWA has built an impressive business, serving carriers with a broad scope of services, a deep and talented workforce, and the use of best-in-class technology.
“We are thrilled about the opportunity to leverage our experience in the space to help SWA accelerate its growth during our partnership.
“Evolve’s deep expertise and relationships in the insurance ecosystem allowed us to efficiently scope the landscape in order to partner with an impressive national claims firm, which consummated in a highly successful transaction. We look forward to continuing our longstanding partnership with Evolve as we continue seeking quality companies in the insurance services space.”
Randy McFarland, Founder at SWA, added, “Longshore brings a partnership approach to the table and provides an understanding of our industry and support for future organic expansion activities and add-on acquisitions.
“We are pleased Evolve initiated this successful transaction, which helps fuel our next leg of growth.”
Alex Koles, Founder and Managing Director of Evolve, said, “It was an absolute pleasure working alongside the teams at the Longshore and SWA.
“This successful insurance services M&A transaction reinforces our rising position as a growing investment bank serving the insurance services and claims ecosystem. We continue to be excited about the long-term prospects of the space.”
