Ashworth Mairs

The management team of Ashworth Mairs Group (AMG), the leading loss adjuster, had much to gain when completing a successful £62 million buy-out.

AMG is one of the UK’s largest loss adjusting businesses, with the capability to investigate, negotiate the full spectrum of insurance claims – including domestic, commercial, subsidence, fraud, major loss, environmental and liability. The group operates from 10 locations and employs more than 250 staff.

After a highly-contested auction, Hermes Private Equity backed the deal, with debt funding provided by the Royal Bank of Scotland Corporate & Structured Finance Team. The transaction achieved a successful exit for the outgoing shareholders.

Clearwater worked closely with AMG’s shareholders to initiate the buy-out and achieve a successful price, following a strategic review to assess the appropriate exit strategy. The funders were selected on their ability to deliver and commitment to AMG’s continued success.

Commenting on the deal, AMG vendor David Mairs said:

“Selling your business can be a difficult process for any entrepreneur; Clearwater’s straight talking, thorough and calm approach eliminated much angst, as did the breadth of thought they displayed at each stage.”