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Member, Beacon International Group, Ltd.
York Risk Services Group Inc. has acquired the assets of Houston and Destrehan, Texas-based American Claims Services Inc.
ACSI co-Presidents John Bannon and Bill Johnson will continue to lead the acquired business, the claims administration and risk management services provider said Tuesday in a statement.
Terms of the deal were not disclosed.
ACSI provides claims adjusting services primarily to the London market and first response and medical management services to the energy sector, according to the statement.
“We believe that being part of York will be … a springboard for future growth in the London market,” Mr. Bannon said in the statement.
The acquisition is a part of Parsippany, N.J.-based York Risk Services’ goal to expand its specialized loss adjusting and medical cost containment services, York said.
“This acquisition builds upon and enhances our presence and reputation in both the London market and energy sector and expands our service offerings,’’ Danny Miller, president of York Specialized Loss Adjusting, a division of York Risk Services Group, said in the statement.