SCM Insurance Services has acquired property and casualty (P&C) businesses of Granite Global Solutions, for an undisclosed amount.
The acquired businesses include national adjusting firm Granite Claims Solutions and medical assessments and health services provider Granite Health Solutions.
SCM also acquired risk mitigation and investigation services provider CKR Global and forensic engineering and environmental consulting company Rochon Engineering.
SCM Insurance Services CEO and FCIP president Larry Shumka said the two companies are stronger together and poised for further growth and opportunity.
"This transaction is consistent with SCM’s philosophy of building strong, autonomous brands, and a larger, more diverse company will better serve our customers with a portfolio of best-in-class services," Shumka added.
SCM will add claims, health and investigations businesses to its corresponding business units.
The company will also add ClaimsPro, Cira Medical Services and Forensic Investigations Canada (FIC) to these businesses, while Rochon Engineering will continue as a standalone company.
Granite Global Solutions president and CEO Murray Wallace said: "SCM brings scale and a focus on leading-edge technology that will make the combined entity a force in the industry, serving both insurance and corporate markets with the best possible solutions."
TorQuest Partners owns majority stake in SCM Insurance Services, while US-based Genstar Capital is the majority shareholder of Granite.
Image: SCM Insurance Services has acquired property and casualty businesses of Granite Global Solutions. Photo: courtesy of adamr/ FreeDigitalPhotos.net.