Former Teceris director Stewart Steel leads buyout from Capita
Vericlaim UK has snapped up loss adjusters Teceris from Capita.
The buyout was led by former Teceris director Stewart Steel, who is now managing director of recently-launched Vericlaim UK.
The deal, for which terms were not disclosed, is set to be finalised on January 31 next year.
London-based VeriClaim U.K was recently established by its US parent Vericlaim Inc.
The acquisition includes the majority of Teceris management team as well as its technical and support professionals throughout the United Kingdom, the companies said in a statement.
Up to six senior staff left Teceris earlier this year, following a review from outsourcing giants Capita.
Steel said VeriClaim U.K. will continue its focus on the resolution of high-end, complex and major losses with the addition of Teceris.
He added that the acquisition of Teceris provides a “springboard” for VeriClaim U.K. to expand.
