Current investors, including Carlyle and Stone Point Capital, will retain their stakes in Sedgwick, with Carlyle maintaining its controlling position alongside the investor group and the Sedgwick management team. Altas Partners’ $1 billion investment marks a key step in Sedgwick’s growth, following Carlyle’s initial investment in 2018 when the company was valued at $6.7 billion.
In 2023, Sedgwick handled over eight million claims and managed more than $33 billion in claim payments. The company will continue to operate as an independent, private entity with a focus on claims management excellence, data science, and technological innovation.
The transaction values Sedgwick at approximately $13.2 billion, a significant increase from its $6.7 billion valuation when Carlyle first invested in 2018. As part of the deal, Altas Partners has committed $1 billion in equity and will actively contribute to the company’s future growth.
In 2023, Sedgwick processed over eight million claims, overseeing claim payments of more than $33 billion. The company will continue operating as an independent, private entity, maintaining its focus on claims management excellence, data science, and technological innovation.
Mike Arbour, CEO of Sedgwick, said: “This new partnership with Altas, and our current stakeholders, brings together a strategic vision that builds our global footprint, expands comprehensive service capabilities and enhances our business for decades to come. Altas has a history of actively supporting companies in its portfolio, and they are very knowledgeable in the challenges our clients face in today’s competitive business environment. We look forward to leveraging their expertise as informed and engaged strategic allies as we continue to lead the industry in innovation and enable clients to thrive by helping them navigate the unexpected.”
Will McMullan, Partner and co-Head of Global Financial Services at Carlyle also commented, saying: “We are incredibly proud of the growth Sedgwick has achieved under our ownership. As we welcome Altas to the partnership, we are excited about the future and look forward to supporting Sedgwick’s continued growth and innovation. Together, with our new and existing partners, we are committed to further enhancing Sedgwick’s industry-leading capabilities and global footprint.”
“Sedgwick is an exceptional company, led by a terrific team, that we have coveted for many years,” said: Paul Emery, Partner at Altas. “Our strategy is incredibly selective; we only invest in businesses that possess the rare combination of quality, durability and meaningful line of sight for growth. These opportunities are hard to come by, and a business like Sedgwick fits squarely within our framework. We are excited to work in close partnership with Mike Arbour and team to support the many value creation opportunities that lie ahead.”
Jim Carey, Co-CEO of Stone Point, added: “We have known the Sedgwick leadership team for many years and are thrilled to continue the partnership alongside Carlyle and Altas. Sedgwick is a leader in the risk, loss adjusting and claims management industries, and we look forward to supporting the company’s mission in its next stage of growth.”
Source: Sedgwick
