June 12, 2018

WorkCompRecap: Acquisition Action!

Today’s issue of WorkCompRecap features some major M&A news with the recent announcement that KKR has entered into an agreement to acquire majority ownership of Sedgwick for approximately $2.4 billion from its current group of investors, which include Hellman & Friedman and Stone Point Capital.

KKR noted that Sedgwick’s strong management team, track record of innovation, and technology-driven solutions alongside the new partnership will enable them to maintain and enhance their leadership position in the industry. The transaction is expected to close during the first quarter of this year, subject to the usual conditions and regulatory approvals.

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