News
J.S. Held expands portfolio of services with the addition of CEIPS, a premier commercial equipment consulting firm.
Jericho, NY – December 6, 2016 – Global consulting firm J.S. Held today announced the acquisition of CEIPS LLC. Jerry Hammar, President of the firm, joins J.S. Held as Vice President. Financial terms of the private transaction were not disclosed. CEIPS is a premier commercial equipment assessment consulting firm, specializing in providing accurate and realistic pricing on commercial equipment losses for the insurance industry. The company will operate as “CEIPS, a J.S. Held Company.” CEIPS executive Cathy Sarrocco also joins J.S. Held continuing her leadership role as Assistant Vice President.
“CEIPS has a stellar reputation for providing accurate and timely consulting on commercial equipment losses,” said Jon Held, President and Chief Executive Officer of J.S. Held. “Their dedication to providing superior client service to the insurance industry will allow us to offer a wider range of services to our clients, while further scaling our business.”
“We have been dedicated to providing advice on property losses to shared clients for many years, and the J.S. Held platform gives us the ability to build a national equipment consulting practice,” said Hammar. “We share a commitment to providing an unrivaled experience for our insurance clients and Cathy and I are looking forward to joining the J.S. Held team.”
This acquisition is the fifth acquisition J.S. Held has made since receiving a controlling investment in 2015 from Lovell Minnick Partners, a private equity firm specializing in investing in financial and related business services companies. Previous acquisitions include the Property Loss Division of Chroma Building Corp., Wakelee Associates, LLC, a construction and mitigation consulting firm, Lovett Silverman, a surety consulting firm, and U.S. HELM, an environmental, health and safety services firm.
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.