Cunningham Lindsey Group Limited

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Cunningham Lindsey Group Limited - overview

Established

1923

Location

Tampa, FL, US

Primary Industry

Insurance

About

Cunningham Lindsey Group Limited specializes in providing claims management services, loss adjusting, and risk management solutions to clients across diverse industries, ensuring efficient resolution of claims and support during unexpected events. Cunningham Lindsey Group Limited is a claims management company headquartered in Tampa, US. Founded in 1923, the firm operates globally and has undergone strategic changes over the years. In December 2017, a Secondary Buyout was completed, leading to the acquisition of Cunningham Lindsey by Sedgwick Claims Management Services, Inc.


, from CVC Capital Partners and Fairfax Partners. The latest funding round raised USD 900. 00 mn, with CVC Capital Partners as the lead investor. The firm is currently led by CEOs Darryl Cowan and Manzoor Andrabi.


Cunningham Lindsey offers a range of services including claims administration, loss adjusting, benefits administration, and product recall services. These services are tailored to assist clients in navigating unexpected life events efficiently, utilizing advanced technology and a client-centric approach. The company serves a diverse clientele including government agencies and Fortune 500 companies across multiple industries such as healthcare, manufacturing, and retail, with a footprint in North America, Europe, Asia, and Australasia. Cunningham Lindsey generates revenue through B2B transactions with corporate clients and government entities.


Their structured model includes varied services, which are billed based on tailored service agreements. This includes claims support services that result in recurring revenue through negotiated contracts that align with client needs. Their pricing strategies allow clients to select from a range of customized options, enhancing efficiency in claims management. Cunningham Lindsey plans to leverage the recent funding from the Secondary Buyout for strategic growth initiatives.


Following its acquisition, the company aims to expand its service offerings and enhance technological capabilities. The firm is exploring new markets, particularly in Asia and Europe, with plans to establish a stronger presence by 2025. The acquisition provides opportunities to enhance their product lines and improve service delivery, positioning the company for future growth.


Current Investors

Fairfax Partners, KKR, Stone Point Capital

Primary Industry

Insurance

Sub Industries

Claims Administration & Processing, Commercial Insurance

Website

www.cunninghamlindsey.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Cunningham Lindsey Group Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedCunningham Lindsey Group Limited-
Add-onCompletedAndersen Environmental-
Secondary BuyoutCompletedCunningham Lindsey Group Limited-
Add-onCompletedGAB Robins North America Loss Adjusting Business-
Public to Private, Secondary BuyoutCompletedCunningham Lindsey Group Limited-

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