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Engle Martin Announces Acquisition of Totura & Company

3/20/2014

 

ATLANTA--(BUSINESS WIRE)--March 20, 2014--Engle Martin & Associates, Inc., a leading national independent loss adjusting and claims management provider, announced today that it has acquired Totura & Company, a regional claims adjusting firm based in Fort Lauderdale, Florida.The acquisition supports Engle Martin's overall growth strategy and strongly complements its core business.

 

"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 throughout Florida and the rest of the southeastern United States. 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."

 

"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 7 key southeastern US markets with 28 full time adjusters and a dynamic network of flex-capacity adjusters. The company serves a broad group of clients in both the domestic standard and excess and surplus lines markets along with certain underwriters in the London market.;.

 

"We are honored that Engle Martin recognizes the value of our organization, and we are confident that our claims expertise will have an immediate and long-term positive impact on Engle Martin's continued growth and success," said Doug Totura, Chief Executive Officer of Totura & Company. " The Totura team is thrilled to partner with Engle Martin and Forsyth Capital, and we look forward to the enhanced access to national markets and greater client service opportunities this partnership will provide."

 

Engle Martin is a leading national independent loss adjusting and claims management provider. Privately held and owner operated, Engle Martin is committed to meeting the ever-changing demands of the insurance industry and to delivering consistent and quality claims service. The firm provides a comprehensive line of service offerings including commercial property, casualty, inland marine/cargo, heavy equipment and large loss adjusting, as well as TPA/claims management and subrogation.

 

Totura & Company offers specialty adjusting services for all lines/types of property, casualty and liability claims and prides itself on protecting its valued clients' interests by providing prompt fair and personalized service. The company serves a broad group of clients including domestic insurance carriers, as well as London syndicates, TPAs, self- insured entities and city and state municipalities.

 

StoneRidge Advisors, LLC acted as the sole financial advisor to Totura on the transaction.

 

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