ST. LOUIS - April 4, 2011 - Forsyth Capital Investors, LLC, an investment firm targeting investments in the insurance services and manufacturing sectors, announced today that it has made an investment in partnership with the existing management team of Engle Martin & Associates, Inc. to recapitalize the company and accelerate its growth initiatives. Engle Martin is one of the nation's leading providers of high-end commercial property and casualty loss adjusting and claims administrative services for insurance carriers, insurance brokers and large corporations.
"Engle Martin's national footprint, quality management team and dedication to customer service make it one of the most attractive specialized loss adjusting and claims handling platforms in the country," explained Kyle Chapman, managing director and co-founder of Forsyth Capital. "We are pleased with the opportunity to help facilitate the full transition of the company to John Quinn and his senior management team and look forward to leveraging our collective operating and acquisition resources to build upon this already strong and high-quality platform."
Ryan Gable, managing director and co-founder of Forsyth Capital, added, "We are thrilled to have Engle Martin as the centerpiece of our insurance services platform, which we intend to build upon by attracting talented adjusters and through strategic acquisitions. Our unique approach, long-term investment horizon and buy-build-and-hold strategy resonated with the leadership team and other key shareholders of Engle Martin, all of which remain significant shareholders in the company."
Commenting on the announcement, Engle Martin founder Kevin Engle said, "We are very excited about the partnership with Forsyth Capital Investors, as it enables us to seamlessly transfer the company to the leadership team that has been running the business over the past few years. Forsyth Capital's long-term investment approach, insurance-services operating experience and deep acquisition capabilities align perfectly with our vision for the business and the interests of our employees and customers."
Engle with remain actively engaged in the business as well as a member of the board of directors.
“Forsyth Capital’s investment model and approach was unlike any other potential partners we met with during the process,” said John Quinn, president and newly appointed CEO of Engle Martin. “The access to relevant operational expertise and Forsyth Capital’s long‐term commitment to our company gave me and our leadership team great comfort that we can further enhance our existing business and accelerate the growth of our national platform in the years to come.”