Managed Fleet Services acquired by The Davies Group
Benchmark International is pleased to announce the successful sale of Managed Fleet Services Limited (MFSL) to The Davies Group for an undisclosed sum.
Established in 2007, Colchester-based MFSL works nationwide for insurers, underwriters and fleets who have a large retention of risk. Services include first notification of loss, repair management and loss recovery claims handling.
The Davies Group is a leading claims outsourcing and loss adjusting business operating across the UK and Ireland. With more than 45 years of experience, the company has built its business around its clients, from insurance companies and brokers to managing general agents and self-insured entities.
Dan Saulter, CEO of Davies Group said, “We identified motor claims as a priority expansion area for our growing group. MFS is a leader in its field, focused on defendant motor, with a culture very much aligned to ours. MFS has a great team of people, and lots of potential to continue to grow. We are now able to offer MGAs, brokers, insurers and corporate entities access to claims solutions across all classes”.
Mike Convington, Director MFSL, said on completion, “Davies Group is a natural partner for us as we enter our next phase of growth. It is a growth-orientated business with a clear strategy led by an exceptional management team.”
Fellow Director, Ian Blackford, added, “This deal will allow our business to continue to look after our clients, whilst investing further in the areas where we can best bring our expertise to bear.”
Benchmark International would like to extend its best wishes to all parties for the future.