Lovell Minnick Acquires J.S. Held
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Lovell Minnick Acquires J.S. Held

js held nf1Lovell Minnick Partners has acquired a majority interest in J.S. Held and Held Enloe & Associates (J.S. HELD), specialty advisory firms providing outsourced insurance related consulting services.  The senior management team of both firms will continue to hold a significant minority interest in the combined company.

bob belke nf1“We believe that an increasing propensity among insurers to seek third-party expertise when managing complex claims, coupled with the depth and talents of the J.S. Held and Held Enloe professionals, will result in significant growth opportunities for the company,” said Lovell Minnick Managing Director Bob Belke.

J.S. Held has extensive experience in property loss consulting, including estimating, scheduling and project monitoring.  Since founding in 1974, J.S. Held’s consultants have evaluated damage to more than 50,000 buildings and structures throughout the world and have experience working on all types of engagements including insurance claims related to commercial, industrial, high rise, special structures, governmental, residential, and infrastructure damages.  The company has a presence in over 20 locations throughout the US and is headquartered outside of New York City in Roslyn Heights, NY   (www.jsheld.com).

Jonathon Held nf1“With the Lovell Minnick investment, J.S. Held has a partner who shares our vision for growth. Through its depth of knowledge and focus on financial service firms, Lovell Minnick has an extraordinary track record of investing in growth-oriented companies in our sector,” said J.S. Held’s President and Chief Executive Officer Jonathon Held.

Lovell Minnick provides buyout and growth capital to companies in the financial services industry and manages private equity partnerships with committed capital totaling over $850 million. The firm is the successor to the private equity affiliate of Putnam Lovell Securities which was established in 1999 by Jeffrey Lovell and James Minnick. Lovell Minnick has offices in Philadelphia and Los Angeles (www.lovellminnick.com).

Deloitte Corporate Finance acted as financial advisor to J.S. Held and Held Enloe.  William Blair & Company acted as financial advisor to Lovell Minnick.

© 2015 PEPD • Private Equity’s Leading News Magazine • 3-31-15

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