Connect with us

Hi, what are you looking for?

Loan And Finance

Woodgate & Clark acquires specialist media and entertainment adjuster Spotlite

acquisition button on keyboard picture id509731002 18


Acquisition continues strategy to build specialist expertise – All Spotlite staff to move with the deal

This deal is “another important step forward in growing Woodgate & Clark’s specialist proposition” – Phil Scarrett, Woodgate & Clark MD

Loss adjuster Woodgate and Clark Limited, (Woodgate & Clark) has acquired 100% of the share capital of specialist media and entertainment claims company Spotlite Claims Limited (Spotlite).

Spotlite, which is based in Hertfordshire, close to Leavesden Elstree and Pinewood studios, has more than 35 years of loss adjusting experience in film, television, and contingency. The firm is headed up by Marion Jones (managing director).

Spotlite’s core services cover film and television, adverse weather, advertising and contingency claims including non-appearance and cancellation of musical, sporting and leisure events. The business operates in the UK, Europe and the USA.

Marion will stay with the business as it transfers across to new ownership along with all 7 employees. The Spotlite brand will also stay unchanged.

Phil Scarrett, Woodgate & Clark managing director, hailed the deal as ‘a significant coup:’ “Spotlite is a fantastic business with a long-established leadership position in its chosen specialism.”

Advertisement. Scroll to continue reading.

“I’m really pleased that Marion and the team have committed their futures to Woodgate & Clark, where they will play a vital role in building our specialist adjusting proposition.”

“Marion and the team will bring a new area of expertise to our overall adjusting proposition, and we expect to invest in the business so that it can develop to the next level of growth. Following completion, Spotlite plans further recruitment and will be looking for new talent to enhance their specialist team very soon.”

The deal follows Woodgate & Clark’s acquisition of Quadra Claims Services just over a year ago, and Phil said that while organic growth remained a priority, he is also keen to pursue further acquisition opportunities, especially in specialist adjusting, where they made strategic sense.

Turning to the latest deal, Phil said: “We have a great reputation for technical excellence, so Spotlite is a perfect fit for us, and bringing them into our group takes us another step forward on our long-term aim to be a leader in the mid-size loss adjusting space.” 

Marion Jones said: “It was clear in our discussions with Phil that there was a compelling opportunity for us as part of Woodgate & Clark to enhance our service offering, capitalising on the complementary skills of Woodgate & Clark companies. We particularly admired their focus on technical excellence, customer service and commitment to training and development.”

She added: “Woodgate & Clark share our values and determination to provide a first class, reliable and cost effective service to our clients. They quickly proved to us that they would be the right home for us going forward.”

“We believe they are the best possible custodians for our business, our people and our loyal clients as we embark on the next exciting stage of our development.”

The deal completes with immediate effect and the consideration is undisclosed

Advertisement. Scroll to continue reading.



Source link

Click to comment

Leave a Reply

Latest

Online Business Success

By David Henzel, co-founder of How We Solve—an umbrella company for services and tools that help you solve your startup’s growing pains. getty Being...

Top Stories

The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing...

Technology

We’re currently in the process of testing the Ryzen 7 5800X3D on various first generation AM4 motherboards (coming soon), which prompted me to go...

Loan And Finance

Online dance music retailer Beatport has acquired the music discovery portal LabelRadar. LabelRadar is a platform that introduces artists and their music to labels,...

Loan And Finance

It is reported the recent rise of private companies stems from higher demand for dog- and cat-specific insurance. As such, pet owners who want...

Technology

In brief: Sony’s embracing of the PC platform reaped rewards to the tune of $80 million during the last fiscal year, but that’s nothing...

Advertisement

You May Also Like

Uncategorized

Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...

Advertisement