Silver Oak Services Partners, LLC announced today that it has completed the sale of its portfolio company Toplis & Harding Holdings, Inc. (dba “vrsVeriClaim”) to Chicago-based private equity firm Flexpoint Ford, LLC.
vrsVeriClaim is a leading provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities. Headquartered in Naperville, IL, the company provides outsourced insurance claims services along three primary lines of business: commercial property claims adjusting, third party claims management services, and fire and forensic investigative services (through its subsidiary, Unified Investigations & Sciences). Founded in 1918 as Toplis & Harding, the company has over 500 employees in over 80 locations in the U.S. and the U.K. Through its affiliated global network, vrsAdjusters, the company has global service capabilities in over 350 locations across 70 countries.
“We are extremely proud of our partnership with the vrsVeriClaim management team and the company’s track record of growth in a difficult economy,” said Greg Barr, Managing Partner at Silver Oak. “With a strong management team, a blue-chip client base and a global service platform, the company is well positioned for continued growth.”
“With Silver Oak’s active support and guidance, vrsVeriClaim has experienced tremendous growth,” said Mike Arbour, CEO of vrsVeriClaim. “During our partnership, we significantly expanded our professional staff and geographic coverage, launched our U.K. operations, completed several acquisitions, and experienced dramatic growth in both revenue and profit. We look forward to building upon this success with our new investors.”
William Blair & Company and Vedder Price P.C. acted as financial advisor and legal counsel to the sellers, respectively