BosBoon acquired by Crawford & Company

Catapult advised and assisted the shareholders of BosBoon Expertise Group during the sales process to its American peer Crawford & Company (NYSE: CRD-A and CRD-B). Both parties acknowledge a good strategic fit and the acquisition strengthens Crawford’s position in the Netherlands. Our deal team – consisting of Kenneth Derksen and Sebastiaan Klunder – advised the sellers in finding and choosing the right partner, the negotiations throughout the entire process, an efficient conduct of the due diligence process, and in drafting and editing the transaction documentation. All in all, this was a fun and challenging process, with satisfied buyers and sellers. On behalf of the Catapult deal team, we congratulate all parties involved in this transaction, and thank them for a pleasant and successful collaboration.

The press release below has been issued in connection with this transaction.

ATLANTA (OCTOBER 4, 2021) – Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations, is pleased to announce the acquisition of BosBoon Expertise Group B.V., a Netherlands-based specialist loss adjusting company.

The acquisition supports Crawford’s strategic aim of strengthening its on-the-ground presence in all key territories in which it operates. BosBoon offers a specialist range of loss adjusting services which will be added to the existing Crawford Global Technical Services® (Crawford GTS®) proposition in The Netherlands and internationally.

BosBoon is an independent loss adjusting company with offices in Eindhoven and Amsterdam. It specializes in liability, construction and engineering, bodily injury and marine, complementing Crawford’s existing loss adjusting and TPA services in The Netherlands and the wider European region.

The current leadership of Mathy Boon, Herman Van der Bos and Twan Meulendijks, will remain in place and will continue to drive the client relationships and deliver qualitative services with the help of the very talented team of adjusters.

Andrew Bart, president, Loss Adjusting, International of Crawford, said: “At Crawford, our goal is to maintain our position as the most credible and reliable claims management company in the insurance industry. Through acquiring BosBoon we are further strengthening that position. They are an exceptional team of market specialists highly regarded both for their deep and eminent expertise alongside their steadfast commitment to exceptional customer service. We see a clear synergy between our organizations and recognize their desire to help restore and enhance lives, businesses and communities, which is the purpose of Crawford.”

Niels de Kock, country manager for The Netherlands and Belgium at Crawford, added: “We see significant opportunity to expand our position in The Netherlands and to open up the full market potential of our Crawford GTS offering. BosBoon offers the perfect platform to do this, given their relentless pursuit for service excellence, depth of experience, as well as the long-term nature of their client base. I am looking forward to working closely with the team as we look to expand our capabilities in the region.”

“At BosBoon, we have secured our market reputation upon the closeness of the relationships that we have developed with our clients,” said Mathy Boon, chief executive officer, BosBoon, “enabling us to provide solutions built to their unique requirements. By becoming part of Crawford, we will be able to capitalize on the incredible scope and scale of the services and technologies that they offer to deliver a truly differentiated level of service to our clients both in The Netherlands and globally.”

About Crawford®

“Based in Atlanta, Crawford & Company (NYSE: CRD‐A and CRD‐B) is the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers, and corporates with an expansive global network serving clients in more than 70 countries.”

Source: https://www.crawco.com/resources/crawford-company-acquires-bosboon-expertise-group-b-v