August 25, 2014 by Canadian Underwriter
SCM Insurance Services has acquired the property and casualty businesses of Granite Global Solutions, SCM announced Monday. Terms of the deal were not disclosed.
The businesses acquired include Granite Claims Solutions, a national adjusting firm; Granite Health Solutions, a provider of medical assessments and health services; CKR Global, a national provider of risk mitigation and investigation services; and Rochon Engineering, a forensic engineering and environmental consulting company.
“Our two companies are stronger together, and poised for further growth and opportunity,” Larry Shumka, president and CEO of SCM Insurance Services commented in the announcement Monday. Shumka leads the combined entity, according to the statement.
“This transaction is consistent with SCM’s philosophy of building strong, autonomous brands, and a larger, more diverse company will better serve our customers with a portfolio of best-in-class services,” he added.
Under the acquisition, Granite’s claims, health and investigations businesses will be added to the corresponding business units in SCM Insurance Services, respectively ClaimsPro, Cira Medical Services and Forensic Investigations Canada (FIC). Rochon Engineering will continue as a standalone company.
Day-to-day operations will continue with services completely unaffected, SCM noted. Customers can continue to contact their existing client representatives for any needs they may have.
“SCM brings scale and a focus on leading-edge technology that will make the combined entity a force in the industry, serving both insurance and corporate markets with the best possible solutions,” Murray Wallace, president and CEO of Granite Global Solutions added in the statement. “Granite’s employees, contractors and customers could not ask for a better home than SCM.”
The executive leadership of the business units will be as follows:
ClaimsPro and Granite Claims Solutions, as a combined company, will be led by Bob Fitzgerald, president of ClaimsPro. Michael Holden, president and CEO of Granite Claims Solutions, will serve as a special advisor.
Cira Medical Services and Granite Health Solutions will operate as distinct brands. Karen Seward remains president of Cira and Ian Elliott remains president of Granite Health Solutions, which operates under the brands of Sibley & Associates, Total Rehabilitation Management (TRM) and Multi Disciplinary Assessment Centre (MDAC).
FIC and CKR Global will be led by Robert Burns, president and CEO of CKR Global. Len Copp, president of FIC, will become chief operating officer.
At Rochon Engineering, Doug Tremblay remains in his role as managing partner.
SCM Risk Management Services (RMS) and Opta Information Intelligence (Opta)’s leaders are Patrick Garuk and Greg McCutcheon, respectively.
SCM Insurance Services executive team led by Larry Shumka, president and CEO, includes Ken Hansen, CFO, Jim Campbell, CIO, and Raymond Off, CHRO (chief human resources officer).
“As we discussed this exciting transaction, it became clear to both ourselves and Granite that the combination of industry-leading people, capabilities, geographies and business practices could create an exciting offering in our marketplace,” Shumka added in the statement Monday.
“We can’t wait to welcome Granite’s employees and continue to create opportunities for employees and customers alike.”
TorQuest Partners, a Canadian mid-market private equity firm, is the majority shareholder of SCM Insurance Services. Genstar Capital, a San Francisco-based private equity firm, is the majority shareholder of Granite.