Engle Martin & Associates, Inc. Positions Itself for Growth with Forsyth Capital Partnership
04/04/11
ATLANTA, GA (April 4, 2011) – Engle Martin & Associates, Inc. (EMA), one of the nation’s leading providers of high-end commercial property and casualty loss adjusting and claims administrative services, has announced that its existing management team has partnered with Forsyth Capital Investors, LLC to recapitalize the company and better position itself for acquisition and continued organic growth.
“We are very excited about the partnership with Forsyth Capital Investors, as it enables us to seamlessly transfer the company to the leadership team that has been running the business over the past few years,” said Kevin Engle, founder of EMA. “Forsyth Capital’s long-term investment approach, insurance-services operating experience and deep acquisition capabilities align perfectly with our vision for the business and the interests of our employees and customers.” Engle will remain actively engaged in the business in addition to serving on the board of directors.
John Quinn, president and newly appointed CEO of EMA, stated, “This transaction solidifies our ability to continue attracting the top talent in the industry and providing the highest quality service to our customers, while also accelerating our growth strategy through further office expansion and targeted acquisitions. We are excited about the continued development of our national platform and the broadening of service offerings for our trusted client partners.”
Kyle Chapman, managing director and co-founder of Forsyth Capital, added, “Engle Martin’s national footprint, quality management team and dedication to customer service make it one of the most attractive specialized loss adjusting and claims handling platforms in the country. We are pleased with the opportunity to help facilitate the full transition of the company to John Quinn and his senior management team and look forward to leveraging our collective operating and acquisition resources to build upon this already strong and high-quality platform.”
StoneRidge Advisors LLC acted as financial advisors to Engle Martin in this transaction.
About Engle Martin & Associates, Inc.
Atlanta-based Engle Martin & Associates, Inc. specializes in commercial property and casualty loss adjusting and claims management services. The privately-held firm provides quality claims services to clients through the company’s offices located in 32 cities throughout the United States. Engle Martin supports three distinct divisions: EMA – Loss Adjusting, EMCAS – Claims Management (TPA) and EMC – Claims Consulting. The internal controls for Engle Martin Claims Administrative Services (EMCAS) have been certified as being in compliance with the American Institute of Certified Public Accountants’ Statement on Auditing Standards (SSAE 16 / SAS 70 Type II). For more information, visit http://www.englemartin.com.
About Forsyth Capital Investors, LLC
Founded in 2009, Forsyth Capital Investors is a St. Louis-based investment firm focused on making long-term investments in middle-market companies operating in the manufacturing and insurance services sectors. Forsyth Capital’s investment approach offers a balanced blend of private equity fundamentals and significant operational expertise made possible by its strategic relationship with Barry-Wehmiller Companies, Inc., a diversified capital equipment manufacturer. Because of its unique relationship with an active operating company, Forsyth Capital Investors offers many of the value-added resources of a strategic partner, while maintaining the entrepreneurial spirit and autonomy of the portfolio company’s leadership team. For more information, visit http://www.forsythcapital.com/.