<Oklahoma City, Oklahoma> <January 27, 2012> - Louis Smith, President announced today that AC Branch Holdings, LLC has purchased Americlaim and related businesses from American Claims Bureau, Inc. for an undisclosed purchase price. AC Branch Holdings, LLC is a company owned and operated by a group of Branch Owners who operate various territories in the Americlaim network.
"We are excited to enter into this transaction with a group of buyers who have been part of the Americlaim family for many years. This will allow Debra and I to pursue other opportunities without any disruption to our clients many of whom have been using our services since the beginning," said Alan Nagel co-founder.
Representing the buyers Smith said "We certainly appreciate the contribution the Nagels have made to building an outstanding company that leaves us a platform to build Americlaim into a bigger and stronger business in the future". The Nagels will continue to provide consultative services to the company and will serve as Branch Owners in certain territories primarily in the Northeast United States. Smith said "we are excited that the Nagel's have agreed to continue to be a part of Americlaim". Further, Smith added "Americlaims' focus will be to expand our services to our clients by adding more Branch Owners (territories), continuing the emphasis on quality of the services we provide and building on the Americlaim brand.
Americlaim and related businesses provide property and casualty claims adjusting services to the insurance industry. Founded in 1994 by Alan and Debra Nagel, Americlaim operates in over 100 locations in 29 states servicing over 100 insurance company clients.