J.S. Held widens forensic accounting practice via Canada

J.S. Held widens forensic accounting practice via Canada | Insurance Business Canada

Mergers & Acquisitions

J.S. Held widens forensic accounting practice via Canada

The deal “amplifies our collective expertise”

Mergers & Acquisitions

By
Terry Gangcuangco

Fifty-year-old global consulting firm J.S. Held has expanded its forensic accounting operations through the acquisition of ADS Forensics, which has been serving law firms and insurers in the Canadian market since 2010.

ADS Forensics provides specialized expertise in areas such as personal injury, medical malpractice, wrongful death, commercial insurance claims, litigation, and accident benefit assessments under Canada’s Statutory Accident Benefits Schedule.

Aubrey Shea (pictured), executive vice president and leader of the forensic accounting – insurance services practice at J.S. Held, highlighted the value of the transaction, saying: “The acquisition of ADS Forensics brings an important Canadian focus to our broader forensic accounting team throughout the United States, Latin America, Europe, the Middle East, and Asia Pacific.

“Through our combined global team of hundreds of forensics experts, we can provide the local resources and expertise required to quantify the financial aspects of insurance claims and matters in dispute.”

For ADS Forensics co-founder Michael Sigsworth, the deal “amplifies our collective expertise” by building on their forensic accounting capabilities and boosting their ability to deliver a comprehensive suite of services.

With ADS Forensics now part of J.S. Held, clients gain access to a network of over 1,500 experts across various disciplines, including property damage assessment, forensic engineering, construction consulting, materials testing, accident reconstruction, cybersecurity, and economic damages.

Carolyn Seaquist, co-founder of ADS Forensics, added: “By joining J.S. Held, we expand the solutions we provide to clients even further, all with the same personal attention, follow through, quick turnaround, and service-oriented approach our clients know to expect.”

David Weiner, executive vice president and head of economic damages & valuations at J.S. Held, went on to cite ADS Forensics’ balanced approach and “unique combination” of trusted forensic accounting and financial investigations expertise.

“By acquiring ADS Forensics, J.S. Held adds decades of forensic and litigation accounting expertise focused on the needs of the expanding Canadian market,” said Jim Stanilious, senior executive vice president and leader of J.S. Held’s insurance services division.

“This combination of expertise will expand J.S. Held’s ability to advise Canadian law firms and insurance clients in complex insurance claims, forensic and investigative accounting, and economic damages and financial disputes.”

The financial terms of the transaction were not disclosed.

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