Synergy Adjusting Corporation, Incorporated
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Synergy Adjusting Corporation, Incorporated - overview
Established
2004
Location
London, -, UK
Primary Industry
Insurance
About
Synergy Adjusting Corporation, Incorporated provides expert claims management services, focusing on residential and commercial property losses, general and professional liability claims across the United States and the United Kingdom. Synergy Adjusting Corporation specializes in claims management services for property loss and liability claims. Founded in 2004, the company is headquartered in London, UK. In November 2021, it was acquired by Engle Martin & Associates, LLC to enhance their claim management services and expand their footprint in the London market.
The acquisition also empowers Synergy to broaden its business claim solutions. Specific office locations and further details about the founder are currently unavailable. Synergy Adjusting, LLC specializes in comprehensive claims management services at the third-party administrator (TPA) level, focusing on residential property loss claims, general liability, and professional liability claims nationwide. Their core services include catastrophe response, commercial property claims, residential property adjustments, and professional liability management, alongside inland marine liability and pre-risk surveys.
By employing a team of experienced adjusters, Synergy effectively manages claims for a diverse clientele, including domestic insurers, Lloyd’s of London, and the London company market. The firm operates across various geographical markets in the United States, providing claims services coast to coast, as well as offering local representation for their clients in the UK, facilitated by their London office. Their strategic partnerships with equipment dealers contribute to cost-effective repair and storage solutions for their clients, enhancing the end-user experience. Synergy Adjusting, LLC generates revenue through a structured business model that encompasses B2B transactions primarily with domestic insurance companies and Lloyd’s of London.
Their revenue streams include fees for claims management services and adjustments, which are billed based on the complexity and scale of the claims handled. The company engages in contractual agreements that outline the service deliverables and associated costs, ensuring clarity and compliance throughout the claims process. This transactional framework positions Synergy Adjusting as a critical partner for insurers navigating the intricacies of claims handling in both the US and UK markets. The acquisition by Engle Martin & Associates, LLC in November 2021 aims to strengthen claim management services while expanding Synergy's market reach.
Future growth will focus on enhancing business claim solutions and accelerating opportunities within the wider insurance market. Specific plans for product development and market expansion into new regions have not yet been detailed.
Current Investors
Engle Martin & Associates, LLC
Primary Industry
Insurance
Sub Industries
Commercial Insurance, Claims Administration & Processing
Website
www.synergyadjusting.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Synergy Adjusting Corporation, Incorporated - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Synergy Adjusting Corporation, Incorporated | - |
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