Deloitte Corporate Finance LLC Advises Consolidated Claims Group, LLC on its Recapitalization With Carousel Capital
CHARLOTTE, N.C., Dec. 15, 2017 — Deloitte Corporate Finance LLC acted as exclusive financial advisor to Charlotte, North Carolina-based Consolidated Claims Group, LLC (CCG) on its recapitalization with Carousel Capital (Carousel). CCG is a leading provider of independent, tech-enabled specialty claims investigation services for residential and commercial insurance carriers. The transaction closed March 31, 2017.
Founded in 2011 with the goal of making the process of investigating HVAC and electronics claims more accurate and efficient, CCG offers its insurance carrier customers a complete suite of claim investigation tools executed through its technology platform and networked operating model deploying independent technicians. CCG’s one of a kind technology platform serves as a common connection point between insurance carriers, claims adjusters and HVAC and electronics technicians nationally and its highly skilled claims operations team. Most importantly the CCG network allows insurance partners to become more efficient while enhancing the customer service experience for policyholders.
“Partnering with Carousel will offer resources and expertise we can leverage to further propel our growth trajectory,” said Damon Stafford, co-founder and chief executive officer of Consolidated Claims Group, LLC. “Deloitte Corporate Finance’s insurance sector experience and guidance throughout the transaction process helped us achieve an outcome that exceeded our expectations.”
“Tech-enabled insurance services like CCG are disrupting the insurance industry,” said Eric Andreozzi, managing director, Deloitte Corporate Finance LLC.
About Consolidated Claims Group, LLC
CCG is a leading provider of specialty claims investigation services used in HVAC and electronics claims investigations. The Charlotte, North Carolina-based company is dedicated to maintaining the highest levels of quality and accuracy in its investigations. The company’s proprietary claims management platform has enabled industry-leading turnaround times at attractive price points. CCG currently offers its services to both residential and commercial insurance carriers across all 50 states. For more information, visit http://www.consolidatedclaims.com/.
About Carousel Capital
Headquartered in Charlotte, North Carolina, Carousel Capital is a leading middle-market private equity fund, investing in companies since 1996. Carousel Capital’s investment team specializes in companies headquartered in the Southeastern United States. The company prefers to invest in companies in the business services, consumer services, and healthcare services sectors. Carousel Capital looks to complete investments in companies with at least $3 million of EBITDA and up to $150 million in initial transaction value. For more information, please visit http://carouselcapital.com/.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.