Charles Taylor nabs midwestern insurance services firm in US M&A drive
Insurance services firm Charles Taylor found and bought a third party administrator and risk management group in the midwestern United States to build out its growing national presence and broaden its risk management offer.
The Matrix Companies, founded in 2000 in Ohio with a focus on workers’ compensation claims, has built out its offer in employment and workforce services, including case management, unemployment administration, Family Medical Leave Act (FMLA) management and disability management for employers.
“This acquisition further strengthens Charles Taylor’s presence in the Midwest as we continue our growth strategy across the country,” Charles Taylor said in its statement. “The acquisition also broadens Charles Taylor’s portfolio by including Matrix’s full spectrum of risk management and workplace safety solutions.”
The CEO of Charles Taylor Global TPA, Christopher Schaffer, commented: “This expansion further solidifies our strategy to deliver comprehensive, best-in-class claims solutions across the U.S. The Matrix team not only brings us local expertise and enhanced claims capabilities, but also a culture of professionalism and a reputation for remarkable customer service that is at the core of Charles Taylor’s values.”
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