Simpson Thacher Represents Sedgwick Claims Management Services, Inc. in $278 Million Acquisition of Specialty Risk Services, LLC
12.22.10
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Simpson Thacher is representing Sedgwick Claims Management Services, Inc. in its announced acquisition of Specialty Risk Services, LLC, a wholly-owned subsidiary of The Hartford Financial Services Group, Inc. (NYSE: HIG), in a transaction valued at approximately $278 million. Specialty Risk Services, LLC is one of the nation’s leading third-party claims administrators providing self-insured, insured, and alternative market clients with customized claims services. Sedgwick Claims Management Services, Inc. is the leading North American provider of innovative claims and productivity management solutions.
The Simpson Thacher team working on the transaction includes: Chad Skinner, Andrew Hecht, Scott Mollett and Jeffrey Schmidt (M&A); Brian Steinhardt and Kristen Marvin (Credit); Jeffrey Ostrow and Keren Siman-Tov (Intellectual Property); Dan Foster (Tax); Tristan Brown, Linda Barrett and Ryan Coombs (Executive Compensation and Employee Benefits); Michael Isby (Environmental) and Krista McManus (Real Estate). Paralegal assistance was provided by Jakob Edell and Krushna Merchant.