ST. LOUIS — March 18, 2014 — Forsyth Capital Investors, LLC, an investment firm targeting the manufacturing and insurance services sectors, announced the acquisition of Totura & Company by its current insurance services platform company, Engle Martin & Associates, Inc. This is the second addon acquisition for Engle Martin in the last four months, as the firm continues to execute its strategic acquisition growth plan to build a broader and more diverse insurance services provider. Fort Lauderdale, FL-based Totura provides specialty claims adjusting services for all lines/types of property, casualty and liability claims. The addition of Totura strengthens Engle Martin’s presence in the southeastern US and complements its core loss adjusting and third party administration services. StoneRidge Advisors acted as the sole financial advisor to Totura on the transaction.
John Quinn, President and Chief Executive Officer of Engle Martin & Associates, Inc., stated, “We believe that joining forces with Totura & Company will enhance our casualty adjusting capabilities and greatly strengthen our market presence in Florida and the southeast. We are impressed with Totura’s reputation for quality service delivery and a focus on client needs. Their approach is well-aligned with Engle Martin’s philosophy and culture.”
“An active acquisition strategy that complements Engle Martin’s proven organic growth initiatives is a key component to executing on our vision for the future,” said Kyle Chapman, Co-Founder of Forsyth Capital and Chairman of Engle Martin. “We are focused on acquisition opportunities with high quality partners that will benefit from our national platform and bring complementary service offerings and depth of product knowledge, ultimately allowing us to better serve our clients’ needs. The partnership with Totura clearly achieves this goal and the company’s 52 highly talented associates, strong client relationships, and rich reputation in the casualty market made it a perfect addition to Engle Martin’s growing platform.”
Since its founding in 1970, Totura has focused on building a leading regional claims adjusting business with a dedication to hiring and retaining the best and most experienced claims professionals in the industry. Totura & Company operates in seven key southeastern US markets with 28 full time adjusters and a dynamic network of flex-capacity adjusters. The company services more than 900 different clients nationwide and also handles many London, England-based clients through certain underwriters of Lloyds of London.