Sedgwick, a global provider of technology–enabled risk, benefits and integrated business solutions, has acquired regional automotive appraisal companies Automotive Damage Appraisers of the Southwest (ADASW) and Metro Appraisal, according to a press release.
Sedgwick said these strategic acquisitions expand the reach and scale of its growing auto claims division in the U.S. as the company continues to invest in building end-to-end solutions for clients. Colleagues from both companies are now part of Sedgwick’s auto appraisal division.
“We are excited to announce these strategic acquisitions and expand our solutions and footprint in the auto appraisal space,” Chris Bakes, Sedgwick managing director for auto appraisals, said in the release. “Adding ADASW and Metro to the Sedgwick family enhances our coast-to-coast auto solutions team and reflects our commitment to providing comprehensive, tech-driven claims solutions for our clients.”
ADASW is a regional independent appraiser of damaged cars, heavy equipment and other vehicles. Founded in 1952, ADASW’s presence in Colorado, New Mexico and Texas expands Sedgwick’s auto claim offerings in the Southwest.
“This partnership is a natural next step for the ADASW team. Our long history serving customers in the Southwest region is well matched with Sedgwick’s global history in insurance claims,” ADASW President Barry Porter said. “We are thrilled to strengthen our combined network in the American Southwest and to become a part of the renowned Sedgwick organization.”
Metro Appraisal is the largest provider of independent auto appraisals in Florida. Founded in 1988 and based in the Tampa area, Metro and its team of more than 20 independent appraisers across Florida conduct approximately 50,000 damage appraisals each year.
“The Florida appraisal market is host to a wide range of vehicle claims types, stemming from our unpredictable and extreme weather and the high demand for construction,” Metro Appraisal President Scott Eskine said. “Our regional expertise, paired with Sedgwick’s national network of excellence in the claims space, will be the start of an exciting new chapter for the Metro team.”
Sedgwick expanded into the auto appraisal space in 2020 with the acquisition of Nationwide Appraisals.