TRISTAR Acquires Industrial Claims Management By Press Release - June 2, 2012
LONG BEACH, CA / BOISE, ID: TRISTAR Risk Management, the largest independently owned third party claims administrator in the United States, has announced the acquisition of Industrial Claims Management (ICM), effective Friday, June 1, 2012. The terms of the transaction were not disclosed.
The ICM brand will be retired and the combined company will be known as TRISTAR Risk Management going forward. Steve Haase, former owner of ICM, will continue in his position overseeing the operations of TRISTAR in Idaho and Montana.
“Steve Haase and his team at ICM are recognized as the pre-eminent provider of high quality claims management services in the Northwest US market” stated Tom Veale, President of TRISTAR Risk Management. He went on to add that the addition of ICM to the TRISTAR family will allow us to better serve our national and local client base in that part of the Nation.
The acquisition of ICM comes on the heels of TRISTAR’s combination with Risk Enterprise Management (REM) a month earlier and Innovative Care Solutions (ICS) in January. Although there are no further mergers or acquisitions planned today, the Company is open to transactions that would strengthen our ability to provide clients with the highest level of service. Today, TRISTAR has annual revenues in excess of $100 million with nearly 1000 employees in fifty offices strategically located in twenty-seven states, serving all major metropolitan areas.
Source: TRISTAR Insurance Group (June 2, 2012)
Adjuster / Examiner Claims Examiner Santa Ana Unified School District Santa Ana, CA
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