McLarens acquires leading New Zealand claims services company CNZ Group
Acquisition Opens New Markets and Enhances Loss Adjusting & Claims Management Capabilities
ATLANTA, GA – USA– October 2, 2020 - McLarens, a leading, global independent insurance services provider, is pleased to announce the strategic acquisition of CNZ Group Holdings Limited (CNZ Group), and its subsidiaries, which combined, is one of the largest multi-discipline full-service loss adjusting, claims and repair management businesses operating in New Zealand. Headquartered in Auckland, CNZ Group was heretofore an employee-owned and operated associate of Crawford & Company
With a nationwide 26-office presence in New Zealand, CNZ Group’s team of more than 200 employees provides full-service claims handling and dispute resolution, across multiple business lines including property, business interruption, construction & engineering, casualty, motor, marine and professional building consultancy. The company also maintains a broad supplier network for reinstatement services in the country.
“We welcome the acquisition and are delighted to join McLarens. McLarens’ keen interest in entrepreneurial spirit and drive for innovative solutions creates the perfect mix as a global partner to help us take CNZ Group to the next level,” added Dean Garrod, CEO at CNZ Group.
“Our two companies are incredibly similar in their culture and business approach. Over the past 25 plus years, our talented adjusting and management team has embraced a service led approach and has built a leading loss adjusting and claims management company in New Zealand. We continue to innovate, expand and diversify to deliver for our customers. McLarens has a lot of experience and technical knowledge and a well-documented track record of success, which aligns perfectly with CNZ and its team. The combination of unparalleled expertise and innovative solutions across the claims’ spectrum creates an exciting opportunity to maximize our potential. The entire CNZ team is excited and ready to bring our combined loss adjustment and claims management business under the McLarens brand in New Zealand.”
McLarens purchased 100% of the equity of CNZ Group. Financial terms of the transaction were not disclosed.
McLarens retained Chapman Tripp as their legal advisors, while CNZ Group retained Buddle Findlay as Legal advisors and KPMG Corporate Finance in connection with this transaction.
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Svy Nekrasas | McLarens
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Sarah Collis | McLarens
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Founded in 1931, McLarens is a leading independent global insurance services provider with offices and operations strategically located in 40 countries around the world. With a focus on complex, commercial and niche markets, the company provides loss adjusting, claims and risk management services, as well as auditing and pre-risk surveying. McLarens’ global footprint enables it to provide streamlined consistent service to clients across the world, while at the same time delivering local expertise and responsive service. The company’s expert adjusters have an average of over 20 years’ experience, operating across a range of industries with specialties including: Property, Crisis Management, Natural Resources, Construction & Engineering, Natural Resources, Agriculture, Aviation, Casualty, Marine, FAJ & Specie, Global TPA Services and Environmental consulting services. For more information, please visit: www.mclarens.com.