Crawford buys majority stake in mobile field inspection platformPosted On: Jan. 5, 2017 2:26 PM CST
Claims administrator Crawford & Co. on Thursday said it has completed its $36.1 million acquisition of a majority interest in online and mobile platform WeGoLook L.L.C.
Both companies’ boards had approved Crawford’s purchase of 85% of WeGoLook’s membership interests in early December.
Oklahoma City-based WeGoLook is an on-demand field inspection and verification service, Atlanta-based Crawford said in a statement. With its web and mobile platform, it enables a mobile workforce of over 30,000 “lookers” to collect and verify information and fulfill custom tasks for businesses and consumers, speeding up the claims process, Crawford said.
Crawford said the deal also serves as the driver behind Crawford Innovative Ventures L.L.C., which was created and funded to invest in strategic acquisitions and partnerships. The entity is led by Ken Fraser, executive vice president and chief strategic and development officer.
“Combining Crawford’s global footprint, established client relationships and industry longevity with WeGoLook’s groundbreaking technology and streamlined processes opens up endless possibilities,” Crawford President and CEO Harsha V. Agadi said in a statement.