York Risk Services Group, Inc., a Parsippany, N.J.-based premier national provider of claims-handling, specialized loss adjusting and other risk management services, has received a majority investment of undisclosed amount from private equity firm ABRY Partners.
Previously, the majority equity interest in York had been held by Odyssey Investment Partners, LLC.
According to Anthony Galioto, CEO of York, ABRY’s investment will facilitate the company’s continued growth and further improvements in the products and services they offer.
York provides risk management solutions to a wide variety of strategic partners, including insurance carriers, self-insureds, brokers, wholesalers, MGAs, programs and public entities. It delivers customized claims solutions for all lines of business, including property, liability, products liability, ocean and inland marine, environmental, transportation and logistics, construction, and workers’ compensation and managed care.
The company has more than 1,200 employees nationwide.