Fishers, Indiana-based insurance claims services provider, Worley Claims Services LLC (Worley) has acquired Replacement Source of America Inc. (ReSource), headquartered in Dallas.
ReSource is a contents services company specializing in contents loss evaluation and pricing, contents replacement, salvage, and on-site field inventory services for the property insurance market. Financial terms of the transaction were not disclosed.
Founded in 1990, ReSource has established itself as a leader in providing quality contents evaluation and replacement services for insurance carriers and their policyholders throughout the U.S.
Led by President Chris Brown, ReSource has the expertise to handle contents claims of any size and complexity with a complete service offering that includes creating onsite inventory lists, fast evaluation of lost contents, and working with the policyholders to find and deliver like kind and quality replacement products, according to the acquisition announcement.
The transaction with ReSource is Worley’s seventh acquisition since 2015.
In July 2015, Worley acquired Fishers, Indiana-based NCA Group, a provider of daily and catastrophe residential and commercial property claims services throughout the U.S. In October 2015, the company acquired Charlotte, North Carolina-based RJMW Claims Services, a regional provider of daily and catastrophe residential and commercial property claims services.
In July 2016, Worley acquired San Jose, California-based Summit Independent Claim Services, which provides commercial/GA and residential property loss adjusting services. In August 2016, it acquired Orlando, Florida-based Nexxus Solutions Group, a national managed repair contractor and service provider network serving the property insurance industry in the U.S. and Canada.
In June 2017, Worley acquired Massachusetts-based Apex Claims Services of New England, a regional provider of property claims services.
Most recently in January 2018, Worley acquired Atlanta, Georgia-based Audit Services Inc., a national claim estimate writing and review supplier for the property and auto insurance markets.
Source: Worley Claims Services
Topics Mergers & Acquisitions Claims Property
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