Sedgwick snaps up Appraisal Service of Mississippi, Inc.

Sedgwick snaps up Appraisal Service of Mississippi, Inc. | Insurance Business America

Mergers & Acquisitions

Sedgwick snaps up Appraisal Service of Mississippi, Inc.

Acquired business welcomes “next step” in its journey

Mergers & Acquisitions

By
Miko Pagaduan

Sedgwick has announced its acquisition of Appraisal Service of Mississippi, Inc. (ASM), an auto and property appraisal services firm, in a move that expands its premier auto, specialty, and property claims solutions, as well as its talent network.

Founded in 1988, ASM specializes in providing auto and property appraisal services for leading insurance companies throughout Alabama, Louisiana, Mississippi, and the metropolitan area of Memphis, Tennessee.

Its team of appraisers brings expertise in automobiles, farm equipment, heavy equipment, motorcycles, recreational vehicles, and tractor-trailers.

With ASM’s acquisition, Sedgwick gains the expertise and capacity of field appraisers that will extend the reach of its auto and property appraisals to more customers and clients.

In a Press release, Sedgwick stated that the team will be a valuable addition – especially in the event of hurricane season and other catastrophic events – providing additional claims resources through its strong presence and experience across the region.

According to Chris Bakes, Sedgwick MD of Auto Solutions, the company is confident that ASM is a good fit, having partnered with them for years through its network.

Cary Hill, owner and operator of ASM, said, “We welcome this next step in our journey and are excited to join the Sedgwick family. Our team of talented field appraisers looks forward to working as part of Sedgwick’s renowned appraisal network.”

Sedgwick, the U.S. leader in high-quality auto and heavy equipment appraisal solutions, boasts a coast-to-coast network of over 1,000 independent appraisers with cutting-edge technology. The acquisition of ASM further cements the company’s position as a leader in auto appraisals and provides access to additional resources and talent to serve its clients better.

This acquisition also represents a significant milestone in Sedgwick’s ongoing growth and expansion efforts, further expanding its premier auto, specialty, and property claims solutions, as well as its skilled talent network.