All staff will move to Woodgate and Clark but the brand will remain the same following the deal
Loss adjuster, Woodgate and Clark Limited has bought 100% of the share capital of specialist media and entertainment claims firm Spotlite Claims Limited.
The deal completes with immediate effect, but the consideration is undisclosed.
Hertfordshire-based Spotlite has more than 35 years of loss adjusting experience in film, television, and contingency – the brand will remain the same after the deal.
The firm is headed up by managing director Marion Jones, who will stay with the business as it transfers to new ownership along with all seven employees.
Following completion, Spotlite plans further recruitment and will be looking for new talent to enhance its specialist team.
Phil Scarrett, Woodgate and Clark managing director, hailed the deal as “a significant coup”.
“We have a great reputation for technical excellence, so Spotlite is a perfect fit for us and bringing them into our group takes us another step forward on our long-term aim to be a leader in the mid-size loss adjusting space,” Scarrett said.
“Spotlite is a fantastic business with a long-established leadership position in its chosen specialism.”
He said that while organic growth remained a priority, Scarrett is also keen to pursue further acquisition opportunities, especially in specialist adjusting, where it makes strategic sense.
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Spotlite’s core services include film and television, adverse weather, advertising, and contingency claims including non-appearance and the cancellation of musical, sporting and leisure events.
The business operates in the UK, Europe, and the USA.
Scarrett added: “I’m really pleased that Jones and the team have committed their futures to Woodgate and Clark, where they will play a vital role in building our specialist adjusting proposition.”
“Jones and the team will bring a new area of expertise to our overall adjusting proposition, and we expect to invest in the business so that it can develop to the next level of growth.”
Jones added: “It was clear in our discussions with Scarett that there was a compelling opportunity for us as part of Woodgate and Clark to enhance our service offering, capitalising on the complementary skills of Woodgate and Clark companies. We particularly admired their focus on technical excellence, customer service and commitment to training and development.”
She explained that Woodgate and Clark share Spotlite’s values and determination to provide a first class, reliable and cost-effective service to clients: “They quickly proved to us that they would be the right home for us.”