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

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.

ACS Group Acquires The Ascent Services Group

December 1, 2019

Staffing & HR

ACS Group (formerly American Cybersystems) acquired The Ascent Services Group, a national IT and life sciences consulting and staffing firm, in a transaction that closed in December 2019. The acquisition — from Ascent's financial sponsor Sycamore Hill Capital Partners — expands ACS Group's geographic footprint and strengthens its IT and life-sciences staffing capabilities as ACS pushes toward the $1 billion revenue milestone.

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.

Integrated Specialty Coverages Acquires Access Partners Insurance Services

March 17, 2020

Insurance

Integrated Specialty Coverages (ISC), a technology-enabled general agency backed by affiliates of Two Sigma’s Sightway Capital, has acquired Access Partners Insurance Services, a Sacramento-based multi-line wholesale broker with a focus on workers' compensation. Terms were not disclosed; ISC said the acquisition adds new carrier relationships and broadens workers' compensation class eligibility to expand ISC's platform and product footprint across the U.S.

Davies Acquires Barker Claim Services

November 20, 2024

Insurance

Davies has acquired Barker Claim Services, an independent loss adjusting firm based in Greensboro, North Carolina, to strengthen its claims handling capabilities across Virginia, North Carolina, South Carolina and northeast Tennessee. Financial terms were not disclosed; the deal expands Davies' North American footprint and adds regional property, casualty and motor claims expertise to its insurance solutions offering.

Davies Acquires Keoghs

January 21, 2020

Professional Services

Davies, the London-based specialist professional services and technology group backed by HGGC and AIMCo, has acquired insurance law firm Keoghs from LDC. Keoghs will form a new Legal Solutions arm within Davies, adding roughly 1,700 colleagues and extending Davies’ end-to-end insurance services and claims capabilities; the transaction was announced with closing expected in Q1 2020 subject to regulatory approvals.