Sedgwick CMS to be Acquired in $1.1 Billion Deal

By Greg Griggs, EditorSedgwick Claims Management Services, one of the nation's largest third-party administrators in workers' compensation, announced Tuesday that two investment firms are acquiring the company for $1.1 billion.Stone Point Capital, LLC, of Greenwich, Conn., and Hellman & Friedman, LLC, based in San Francisco, have signed an agreement to acquire 100% of Sedgwick CMS from its current group of investors, which includes Fidelity National Financial, Thomas H. Lee Partners, Evercore Capital Partners and other minority shareholders.The deal, expected to close by June 30, w...