INDIANAPOLIS, IN--(Marketwire - January 6, 2011) - National Catastrophe Adjusters, Inc. (d/b/a NCA Group) announced today that it has acquired the assets of T.M. Mayfield & Company, further bolstering NCA Group's position as a leading provider of property loss adjusting and claims management services in North America. The addition of T.M. Mayfield significantly expands NCA Group's commercial loss adjusting capabilities and daily claims services offering along the Eastern Seaboard.
Founded in 1925 and headquartered in Charlotte, NC, T.M. Mayfield has 12 office locations in North Carolina and South Carolina, plus resident adjusters in Georgia, Alabama and Florida. T.M. Mayfield is known for its expertise in handling all aspects of property and casualty claims for both daily and catastrophic events.
"T.M. Mayfield is a strong regional franchise that enjoys a rich 85 year history in the independent loss adjusting arena. This acquisition represents the first of several transactions that will open up significant growth opportunities and enhance NCA Group's suite of services that we deliver to our insurance carrier partners," said Jim Pearl, President and Chief Operating Officer of NCA Group. Dave Ross, Chairman & Chief Executive Officer of NCA Group, added, "T.M. Mayfield has a longstanding reputation for providing high quality services to its clients. We are thrilled to partner with Alan Mayfield and his talented team."
T.M. Mayfield personnel will continue to operate under the T.M. Mayfield name and the company will maintain its current branch offices. "All of us at T.M. Mayfield are very excited to join NCA, a company that has demonstrated impressive growth in a challenging environment," said Alan Mayfield, President of T.M. Mayfield & Company. "Partnering with an organization with a shared philosophy of providing the highest levels of service and quality to its clients presents an excellent opportunity for all of our employees and clients to benefit from NCA's capabilities and national presence."
StoneRidge Advisors acted as financial advisor to NCA Group on this transaction.
About NCA Group
NCA Group is a premier provider of insurance services management, specializing in third party administration, daily and catastrophe field services and underwriting inspection services to the property insurance market. Incorporated in 1984, NCA Group services insurance companies of all sizes in the United States and Canada. Corporate headquarters are located in Indianapolis, IN. NCA Group has approximately 250 permanent, full-time employees.
Contact Information:
Contacts
NCA Group
Jim Pearl
317-915-8888