Clifford Chance

Clifford Chance advises Sedgwick on acquisition of Temporary Accommodations

Leading international law firm Clifford Chance has advised Sedgwick on its acquisition of Temporary Accommodations, one of the largest providers of claims-related temporary housing and related services to displaced policyholders.

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions with nearly 30,000 colleagues located across 65 countries. Sedgwick's majority shareholder is investment firm The Carlyle Group. Stone Point Capital LLC, La Caisse de dépôt et placement du Québec, Onex Corporation and other management investors are minority shareholders.

Temporary Accommodations locates temporary housing options for displaced insurance policyholders and helps to manage additional living expenses during home insurance claims following fire, water, wind and storm damage and emergency evacuations. As one of the largest providers of claims-related housing services, Temporary Accommodations focuses on cost management and stress reduction for a better customer experience, negotiating preferential housing and hotel rates and reducing insurers’ indemnity spend.

Partner Gary Boss led the deal, supported by associate Kirsten Gaeta. The wider team included partners Howard Adler and Philip Wagman, counsel Daryl Fairbairn and associates Dean Agnos, David Walsh and Tali Lee.

Clifford Chance has advised Sedgwick on numerous recent matters including its acquisitions of Stericycle's Expert Solutions' service line and York Risk Services Group, and the sale of its group health peer review and independent medical examination business to ExamWorks, LLC.