Sedgwick, a technology-enabled risk, benefits and integrated business solutions, has acquired SaaS solution developer G&E Enterprises for an undisclosed amount.
G&E Enterprises builds SaaS platforms for the construction and property loss industries. Its T&M Pro software is a billing and data management system for insurance restoration contracting.
The T&M software will enhance Sedgwick’s services by giving stronger commercial property support, estimate review processes and mitigation and reconstruction bill review. It will also speed up payments to insurance restoration contractors and boost visibility into claims.
Sedgwick executive vice president of operations Scott Richardson said, “This acquisition is especially exciting for us, as the technology we are gaining access to will be revolutionary in processing claims.
“Real-time data and information will drive greater transparency throughout the entire claims process and result in more accurate claim costs. This will create a new standard in the industry, and we look forward to the benefits it will bring to our clients.”
As part of the deal, the G&E Enterprises will join the Sedgwick team to support the unification of the businesses.
In 2018, private equity firm Carlyle acquired a majority stake in Sedgwick in a deal worth $6.7bn.
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