J.S. Held Acquires Chroma Building Corp.

J.S. Held’s Inaugural Global Risk Report Examines Potential Business Risks & Opportunities in 2024

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July 13, 2015
Chroma Building Corp. Joins J.S. Held
Chroma Building Corp. Joins J.S. Held

J.S. Held acquires Chroma Building Corp., adding Doug DePhillips to J.S. Held's management team.


Jericho, NY and Stamford, CT – July 13, 2015 – Global consulting firm J.S. Held announced today the acquisition of the Property Loss Division of Chroma Building Corp. Doug DePhillips, the company’s President, joins J.S. Held as Senior Vice President. Terms of the private transaction were not disclosed.

DePhillips brings 30 years of experience in the building and construction industry to J.S. Held. Prior to starting his own company, he held positions of increasing responsibility, including Project Executive and Deputy Operations Manager, at Turner Construction, an international construction services company and leading builder in diverse market segments. At Turner, DePhillips led many high profile projects in the NY area and Florida. He also had management level responsibilities for operations, sales, and professional development.

“Doug’s construction expertise is widely recognized by the industry’s leading insurance carriers and adjusters. He has a strong track record of providing premium, dedicated service to clients,” said Jonathon Held, President and Chief Executive Officer of J.S. Held, which has over 100 locations globally. “The addition of Doug to our leadership team will further strengthen our company, and he will assume responsibility for talent recruitment and professional training. In addition, his deep experience in dispute resolution and expert testimony will be an important enhancement to our services and additive to our growth plans.”

“I am excited to join J.S. Held. I have known and respected the J.S. Held team for years and have seen the high caliber results of their work,” said DePhillips. “This partnership will provide us further opportunities to expand our geographic footprint by moving into adjacent and complementary service lines, with the support of J.S. Held’s strong professional staff.”

Chroma Building Corp. will continue to operate its commercial building supplies and contracting businesses from offices in Stamford, Connecticut.

Earlier this year, J.S. Held received a controlling investment from Lovell Minnick Partners, a private equity firm specializing in investing in financial and related business services companies.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets.

The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
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