Engle Martin & Associates, LLC (Engle Martin), a credible independent loss adjusting and claims management market provider, announced recently that it has acquired the firm; EIMC, LLC (EIMC), a reputable global provider of ocean marine, risk management, claims investigation, and subrogation services located and based in Jersey City, New Jersey and London, England.
What does is EIMC LLC’s value in the transaction?
Founded in 1968, EIMC serves clients across the entire marine global supply chain with 50+ years of expertise in providing the full continuum of assessments, risk mitigation, and claim resolution solutions within marine cargo, stock throughout, hull & machinery, and fine art & specie. EIMC operates in 15 office locations strategically positioned in the US and the UK.
The organization works with a broad group of clients in all major international insurance markets and is also the Lloyd’s Agent for multiple locations in the United States. Since its inception, EIMC has been recognized by major international insurers and numerous insurance associations as a premier provider of marine insurance risk management and claims services.
EIMC has remarkable history within the maritime community that has resulted in distinctive and long-lasting relationships with its clients and carrier partners. EIMC’s leadership team will remain in place, continue to function and will maintain operational oversight of their portfolio.
Tiina Ruhlandt, Managing Director of EIMC, said “We’re delighted that Engle Martin appreciates the value of our organization. We are confident and excited that our combined expertise will have a positive impact on our growth and success. We believe that this partnership is an excellent extension of Engle Martin’s long-term business strategy, and we are thrilled to have a partner who shares our principles and respects the culture which has driven our success.”
What does the acquisition mean for Engle Martin?
This acquisition of EIMC, LLC (EIMC) expands Engle Martin & Associates’ global footprint and diversifies its service portfolio by providing its global clients with a full suite of professional ocean marine services. This acquisition also provides EIMC an extensive back-office infrastructure, innovative technology solutions, and growth opportunities for team members.
When asked about the acquisition, Jay Campbell, EVP of Strategy & Organizational Growth of Engle Martin, said “We are excited to continue growing and investing in our business. The acquisition expands our service capabilities in the ocean marine & technical risk services arena with an organization that is well-aligned with our proficient culture and approach to business.
“We will continue to provide all our clients with the same professional service, top quality, and efficient capabilities they have come to expect from our team of qualified experts, with a complementary service that allows us to respond to our customers in a more holistic manner.”