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November 11, 2019

Davies continues buying spree with Thornton deal in Ireland

British insurer Davies has snapped up Thornton Group, an Irish multi-line claims adjusting and third party administration firm.

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The deal value was not revealed.

Thornton serves insurers, brokers, MGAs and corporates, offering claims solutions in property, casualty, energy, jewellery, as well as marine and engineering.

The business has three branches, with headquarters in Dublin.

The takeover will result in several changes in the leadership line-up. As part of the deal, Davies senior executive Peter Haran will assume the role of CEO of Davies Claims Solutions in Ireland.

Meanwhile, Thornton CEO John Eves will become chairman in Ireland. Further, Thornton senior executive Conor Kennedy will now serve as the chief commercial officer in Ireland.

Davies group CEO Dan Saulter said: “Having gotten to know John and his team over the past few years, I am delighted that we have been able to bring Thornton and Davies together.

“The Thornton team have an excellent reputation in the Irish market and bring a wealth of specialist skills, knowledge and technical expertise to Davies.”

The latest deal continues Davies’ recent consolidation activities.

A month ago, the firm purchased Alternative Service Concepts, a workers’ compensation and property and casualty third party administrator.

Davies other acquisitions this year include FWD Training and Consultancy, Frontier Adjusters, GBB Holdings, and TopMark Claims Management.

 

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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