Second UK Acquisition for CoventBridge Group

0

CoventBridge Group has acquired R-ISC Investigation & Surveillance Company as its second UK acquisition in just six months.

The full service surveillance and investigative firm, which was formed in March this year following the merger of GlobalOptions and ICS Merrill, helps insurers to fight fraudulent claims. CoventBridge Group bought BDL Investigations in May.

R-ISC Investigation & Surveillance Company is headquartered in Cheadle Hulme, Greater Manchester and was founded by Sam Greer in 2007.

It has an award winning reputation for industry leading surveillance services. The R-ISC team has joined the CoventBridge Surveillance Division, where Greer will have executive responsibilities.

“In just six months and via our first two acquisitions, we have assembled the most experienced leadership team in the UK investigation industry,” said Dave Merrill, CoventBridge Group CEO.

“The acquisition of R-ISC demonstrates our ongoing commitment to the UK and European market and the enrichment of our offerings. Our focus to acquire further complimentary businesses and deliver additional services to our customers continues.”

Steve Cook, CoventBridge managing director, said: “High quality surveillance footage is one of the irrefutable sources of evidence which can support our insurer clients in demonstrating fraud and further, in establishing lies as ‘fraudulent devices’- a recent development in the UK counter fraud landscape.

“Compliance in the process of securing, storing and presenting the chain of surveillance evidence is vital to meet increasingly heightened court scrutiny. The combined expertise and diligence of CoventBridge and R-ISC means clients can rely on our expanded surveillance service to intelligently and compliantly inform and support their claim decisions. I am delighted to welcome Sam and his team to our UK operation.”

Sam Greer said: “I am delighted to become part of the CoventBridge Group and head up the UK Surveillance Division. With our combined proven operational capabilities and the company’s advanced case management and evidence delivery platform, we create the benchmark by which we believe all our peers will come to be measured.”

CoventBridge is backed by the London based Harwood Capital, part of the Harwood Capital Management Group, with £973 million funds under management at 31 December 2015.

Share.

About Author

Marek Handzel

Marek Handzel is the editor of Claims Magazine. Marek welcomes articles, letters, or feedback from readers and can be reached by emailing marek.handzel@barkerbrooks.co.uk