McLarens buys Toronto-based MGB Claims Consultants, Inc.
McLarens, an Atlanta-based consulting firm specializing in loss adjusting and claims, has acquired Toronto-based MGB Claims Consultants.
Founded in 2010, provides services in complex commercial claims adjusting to international insurers throughout the North American market. The firm has deep expertise investigating and adjusting insurance claims in property and casualty, professional and commercial general liability, medical liability, cyber, environmental, energy and natural resources, and film and entertainment.
MGB also has a third-party administration practice that offers solutions in claims, information, captive insurance, trust account, and litigation management to clients in the North American and London markets.
The firm has more than 25 professionals across Toronto, Calgary, and Vancouver.
McLarens’ acquisition of MGB will add loss management expertise and technical skills to its existing aviation and natural resources operations in Canada.
“With its strong team and commanding market presence, this acquisition will provide the potential to further expand commercial and specialty loss adjusting services to domestic and multinational clients in Canada and the U.S,” said Gary Brown, CEO of McLarens.
McLarens has a core offering in claims management, serving the areas of property and casualty, catastrophe response, crisis management response, and cyber. The firm also offers related services in forensic accounting for insurance claims, as well as risk management consulting in due diligence, loss analysis, emergency planning, airport assessments, and maintenance, repair, and overhaul (MRO) assessments.
The Atlanta-based firm further has an environmental consulting practice that provides testing and consulting for indoor air quality; asbestos, lead, sewage, and chemical assessments; and industrial hygiene and occupational health.
Finally, McLarens also provides third-party administration services.
The firm has more than 1,200 employees and operations across 41 countries.
“We are delighted and proud to have found a North American partner in McLarens which so closely aligns with our business philosophy,” said MGB principals Shawn Malik, James Giffen, and Shawn Burnett. “Our people will continue to make us what we are: a firm to trust.”
The trio of co-founders will continue to manage the business, which will become part of McLarens’ North American claims and loss adjusting division.
Financial terms of the transaction were not disclosed.
