GAB Robins Sells TPA and Managed Care Businesses to Gallagher Bassett

PARSIPPANY, N.J., Sept. 29 /PRNewswire/ -- GAB Robins North America, Inc., a leading provider of loss adjusting and claims management services, today announced the sale of its third-party administration (TPA) and managed care businesses to Gallagher Bassett Services, Inc., a subsidiary of Arthur J. Gallagher & Co.  Terms were not disclosed.

"The acquisition of our TPA and MedInsights managed care businesses by Gallagher Bassett ensures that GAB Robins' customers will continue to receive the highest level of service available in the industry," said Michael Repoli, CEO of GAB Robins' TPA Division.  "Both GAB Robins and Gallagher Bassett have long been recognized as premier providers of claims administration services and the combination of our businesses promises even greater levels of performance."

As part of the transaction, more than 420 GAB Robins' professionals will join Gallagher Bassett.

GAB Robins will continue to operate its North American loss adjusting services business, which focuses on property and casualty loss adjusting services.  Led by its elite team of executive general adjusters and national general adjusters, GAB Robins' loss adjusters are among the best trained and most experienced in the industry.

"Our North American loss adjusting business has been a core strength of GAB Robins for more than a century," said Jim Girard, CEO of GAB Robins' LAS Division.  "Our loss adjusting business remains strong, and the sale of our TPA and managed care businesses will have no effect on the superior service our customers have come to expect."

StoneRidge Advisors LLC acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to GAB Robins in the transaction.

SOURCE GAB Robins North America, Inc.