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William Blair Advises Lovell Minnick Partners LLC

Monday, April 6, 2015

Lovell Minnick

William Blair & Company acted as the exclusive financial advisor to Lovell Minnick Partners LLC in connection with its acquisition of a majority interest in J.S. Held LLC, a specialty advisory firm providing loss consulting services to insurers. In conjunction with the investment, Held Enloe & Associates LLC will merge into J.S. Held, further strengthening J.S. Held’s property loss consulting, litigation, and dispute resolution services and construction and development advisory services. The transaction was announced on March 31, 2015. Terms of the deal were not disclosed. This marks William Blair’s fifth M&A transaction in the insurance claims outsourcing sector since 2011.

Transaction Highlights

  • World-class loss consulting services provider: J.S. Held represents a unique and scarce asset, with a market-leading reputation and comprehensive suite of services that optimally position the company to capitalize on the increased demand for outsourcing among property and casualty insurance carriers.
     
  • Deep sector knowledge: Lovell Minnick recognized William Blair’s extensive knowledge and experience in the insurance services sector, which includes over 65 M&A and capital markets transactions.
     
  • Trusted guidance: The integral involvement of William Blair’s deal team in each step of the transaction process helped facilitate an exceptional outcome for Lovell Minnick.

About the Companies

Founded in 1974, J.S. Held has extensive experience in all facets of property loss consulting, including estimating, scheduling, and project monitoring. J.S. Held’s consultants have evaluated damage to more than 50,000 buildings and structures throughout the world and have experience working on all types of engagements, including insurance claims related to commercial, industrial, high-rise, and special structures and governmental, residential, and infrastructure damages.

Held Enloe & Associates is a full service construction consulting firm with expertise in managing and advising on large complex construction projects of all types. Held Enloe offers a variety of construction- and development-related services to enable clients to more effectively manage risk and uncertainty throughout all phases of construction.

Lovell Minnick Partners is a private equity firm providing buyout and growth capital to companies in the financial services industry. Its portfolio companies operate in asset management, banking, specialty finance, financial product distribution, securities brokerage, financial consulting services, and specialized outsourcing solutions.

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