Merlin News

AMG acquires Carr Greenwood Smith

AMG has acquired Carr Greenwood Smith, a specialist commercial property claims adjuster, in a move which marks the company's second acquisition since its Management Buy-Out in October 2005. In May 2006, AMG acquired Sigma Claims Solutions, a specialist liability adjusting business.

Carr Greenwood Smith will operate as an independant subsidiary and separate brand within AMG, significantly expanding the Group's commercial claims capability.

Carr Greenwood Smith was formed in 1999 offering a superior loss adjusting service to Insurers, Brokers and corporate Clients. The company now operates from offices in Birmingham, Bristol, Glasgow, Leeds, London, Manchester, Newcastle and Uxbridge, providing a nationwide service.

Kevin Wood, AMG Group Managing Director commented, "This acquisition secures our position as a top 3 adjuster within the UK market and assists our growth strategy. Our core objective has always been and remains organic growth, but this was a fantastic opportunity and too good to miss.

Acquiring Carr Greenwood Smith will enhance our commercial claims capability and resources, make AMG a more rounded business and consequently more attractive to existing and new clients.

We are delighted that Carr Greenwood Smith has joined the Group. We have admired their operation for many years and from the very start of our discussions, we recognised the strong cultural fit: Like AMG, Carr Greenwood Smith is very focused on service and technical excellence, and passionate about delivery. We very much look forward to working with the CGS team."

Dave Greenwood, a partner of Carr Greenwood Smith said: "We are pleased that AMG clearly recognised our reputation for service and technical excellence, potential for growth and a strong cultural fit.

As part of the Group, we will be able to compete more effectively by offering clients a wider range of services, in particular: project management services for subsidence and perils claims, access to managed contractor networks and a dedicated liability claims service. We will have access to AMG's first-class training and IT resources, new markets as well as financial stability afforded by the Group, which will enable us to step-up our growth plans."

Dave Greenwood and John Carr, Partners of Carr Greenwood Smith, will represent the company on AMG's Management Board.

Issued for and on behalf of :-

AMG
Stratton Court
Bromborough
Wirral
CH62 3PW

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