Eberl Claims Service announces partnership with Engle Martin & Associates
Lakewood- July 24, 2015- Eberl is pleased to announce our new partnership with Forsyth Capital Investors, LLC, an investment firm targeting the manufacturing and insurance sectors and its current insurance services platform company, Engle Martin & Associates. This transaction further expands Engle Martin’s market-leading insurance services platform which will include three core service platforms once the transaction closes. The firm’s traditional commercial property and casualty adjusting and third-party claims administration division continues to expand its geographic footprint and build out its specialty service offerings. PT&C|LWG, the firm’s global forensic engineering and consulting platform which was formed via two recent acquisitions, continues to invest in building out its global platform and attracting the strongest experts in the industry. Eberl, which will become the firm’s third division, brings a balanced focus on adjusters and clients that has helped the Company grow to be one of the largest national providers of daily and catastrophe claims services to insurance carriers.
“Partnering with Eberl offers the Engle Martin platform a tremendous opportunity to diversify its core service offering with the addition of Eberl’s highly skilled and talented team members providing high quality services to a comparable customer base of insurance carriers,” said Kyle Chapman, co-founder of Forsyth Capital and Chairman of Engle Martin. “The two companies have long maintained a high level of respect for each other and given the complimentary nature of the service offerings and corporate cultures, we believe partnership will be highly rewarding for all of our team members as we continue to build an industry leading insurance services platform that provides the highest level of service to our customers.”
Engle Martin’s partnership with Eberl is the fourth add-on acquisition completed by Engle Martin in the past twenty months and Forsyth Capital’s seventh add-on to its existing portfolio in that same time frame. This partnership directly aligns with Forsyth Capital’s long-term investment horizon and focus on building its portfolio of companies into market leaders in the industries in which they operate. The addition of Eberl further cements Engle Martin’s position as a leading insurance services platform with an enhanced and diversified service offering to a broader client base.
“The acquisition of Eberl strengthens our service capabilities for our customer base and significantly expands our ability to respond to large-scale catastrophic events and daily recurring events. Our strategy has always centered on meeting our clients’ needs and exceeding expectations, and by adding these key complementary services allows us to respond to our customers more effectively,” said John Quinn, CEO of Engle Martin.
Eberl will continue to be independently operated by its own management team, led by CEO Gerrad Brigham. “Eberl has achieved tremendous growth in the first 28 years of operations and we are really excited to partner with Engle Martin to diversify and strengthen our service offering and remain a leading provider to insurance carriers throughout the country.” said Brigham.
While each platform within Engle Martin is independently run via its own standalone management team, the firm’s leaders are committed to sharing best practices to ensure that clients, adjusters and all employees benefit from the firm’s unwavering focus on building an enduring organization that values both people and performance.
Headquartered in Lakewood, CO, Eberl was founded in 1987 by Kirk and Grace Eberl. The firm maintains a national network of adjusters capable of responding to carriers’ claim adjusting and other claims services in all 50 states.
Eberl founder and President, Kirk Eberl, said “The strong cultural fit with Engle Martin and the long-term orientation of Forsyth Capital made this the perfect partnership opportunity as Eberl pursues its next phase of growth. We wanted to transition ownership to someone who would build on the legacy we have created and maintain an unparalleled focus on the Eberl employees along with our adjusters and clients. We are really excited to partner with the Engle Martin and Forsyth Capital teams.”
About Eberl Claims Service
Eberl has been a leader in the claims adjustment and insurance services industry since its inception in 1987. The firm delivers daily and catastrophe loss adjusting and claims services via a national network of adjusters that handle over 100,000 claims annually. The firm has worked every major catastrophe for nearly three decades with a focus on residential and automobile claims services. The firm’s vision is to provide innovative insurance claims solutions that exceed client expectations. For more information, visit: www.eberls.com.
About Engle Martin & Associates, Inc.
Engle Martin is a leading national independent loss adjusting and claims management provider. Privately held and owner operated, Engle Martin is committed to meeting the ever-changing demands of the insurance industry and to delivering consistent and quality claims service. The firm provides a comprehensive line of service offerings including commercial property, casualty, inland marine/cargo, heavy equipment and large loss adjusting as well as TPA/claims management and subrogation. For more information, visit: www.englemartin.com
About Forsyth Capital Investors
Forsyth Capital Investors is a St. Louis-based investment firm focused on making long-term investments in middle market companies. Forsyth Capital’s investment approach offers a balanced blend of private equity fundamentals and significant operational expertise made possible by its strategic relationship with Barry-Wehmiller Group, Inc., a diversified capital equipment manufacturer. Because of its unique relationship with an active operating company, Forsyth Capital Investors offers many of the value-added resources of a strategic partner, while maintaining the entrepreneurial spirit and autonomy of the portfolio company’s leadership team. For more information, visit: www.forsythcapital.com.