Davies Acquires Keoghs

AIMCo Acquires Minority Stake in Davies Group from HGGC

January 23, 2019

Professional Services

Alberta Investment Management Corporation (AIMCo) agreed to buy a minority stake in London-based Davies Group from majority owner HGGC, with HGGC retaining majority ownership. The investment provides Davies with long-term institutional capital to support continued organic growth and expansion; the company has more than doubled revenues to $150 million and employs roughly 1,700 people across the UK, Ireland, Bermuda, the US and Canada.

BC Partners Acquires Majority Stake in Davies

March 15, 2021

Professional Services

BC Partners has agreed to acquire a majority stake in Davies, valuing the London-based insurance services and technology business at about £1.2 billion including debt. Existing investors HGGC and Alberta Investment Management Corporation will retain minority stakes; BC Partners said it will support Davies' global expansion and further investment in digital transformation.

Arthur J. Gallagher & Co. Acquires Dawson & Keenan Insurance Ltd

December 3, 2024

Insurance

Arthur J. Gallagher & Co. has acquired Dawson & Keenan Insurance Ltd., a retail insurance brokerage based in Sault Ste. Marie, Ontario. Terms were not disclosed; the Dawson & Keenan team will remain in place and will report into Gallagher’s Canadian retail property/casualty brokerage operations as Gallagher expands its presence in Northern Ontario.

Davies (HGGC Portfolio) Acquires Alternative Service Concepts (ASC)

October 17, 2019

Professional Services

Davies, the HGGC-backed U.K. operations management and digital solutions provider, has acquired Alternative Service Concepts (ASC), a Nashville-based workers' compensation and property & casualty claims administration firm. The acquisition — Davies' 15th under HGGC ownership — expands its North American Claims Solutions capability and further strengthens its end-to-end claims processing and adjusting services.

Dains Accountants Acquires HSKS Greenhalgh

September 6, 2023

Accounting & Tax

Dains Accountants has acquired HSKS Greenhalgh (HSKSG), an East Midlands accountancy firm with offices in Nottingham, Derby and Uttoxeter, as an add-on to expand Dains’ regional footprint and service offering. The transaction was supported by Horizon Capital, the private equity backer of the Dains Group, and is positioned to strengthen Dains’ client proposition and growth in the Midlands.

ECI Partners Acquires Independent Governance Group (IGG)

October 30, 2024

Professional Services

ECI Partners has acquired Independent Governance Group (IGG), the UK provider of professional pensions trusteeship and governance services; LDC has exited its majority stake but has reinvested alongside ECI. Crescent Capital's European Specialty Lending strategy led the debt financing to support the transaction. IGG employs more than 200 people, serves 386 pension schemes with around £324bn of assets and will pursue further organic growth and acquisitions under ECI's ownership.