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TAMPA — Cunningham Lindsay Group Ltd., a privately held insurance claims services firm based in Tampa, acquired the U.S. loss adjustment business of GAB Robins North America Inc. Financial terms of the deal were not disclosed.
The transaction will grow Cunningham's U.S. operations by 380 employees and 100 office locations, giving the Tampa firm roughly 200 office locations and 1,100 full-time workers, a release said. In terms of core competencies, the GAB Robins acquisition will expand Cunningham's commercial loss adjusting business.
All of GAB Robins' U.S. employees at the time of the transaction will join Cunningham Lindsay, said Philippe Bes, the company's president and CEO. GAB Robins North America Inc. is based in New Jersey.
Cunningham Lindsay Group Ltd. is majority-owned by Stone Point Capital LLC, a firm with offices in Connecticut and New York.
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