NCA Group Acquires TURCO Claim Services

INDIANAPOLIS, IN--(Marketwired - Aug 1, 2013) - NCA Group announced today that it has acquired TURCO Claim Services, Inc. ("TURCO"), further advancing NCA Group's position as a leading provider of loss adjusting and claims management services throughout North America. The addition of TURCO bolsters NCA Group's large commercial loss adjusting capabilities and daily claims services in Indiana, Illinois and Ohio.

Founded in 1993 by Jeff Turley and headquartered in Indianapolis, IN, TURCO is known for providing high quality multi-line loss adjusting services to insurance carriers in the Midwest. Jeff Turley will remain actively involved in managing the business, which will become part of NCA Group's commercial lines subsidiary, NHI General Adjusters.

"TURCO has developed a high caliber team of professionals capable of handling large, complex property losses, which aligns extremely well with our commercial loss adjusting platform, NHI General Adjusters. This acquisition continues the expansion of NHI General Adjusters, which has opened 10 new offices in 9 states since 2012," said Jim Pearl, President of NCA Group.

Jeff Turley comments, "We look forward to our partnership with NCA Group and NHI General Adjusters and the ongoing opportunities it will present to TURCO. We were particularly attracted by their reputation for high quality customer service and their track record of successful acquisitions in the loss adjusting sector."

TURCO personnel will operate as the Indianapolis office of NHI General Adjusters. "We are extremely enthusiastic about the addition of TURCO. Jeff Turley has built an impressive organization known for providing top quality loss adjustment services," said Tim Gardner, President of NHI General Adjusters. "This key addition follows our strategy of attracting high caliber professionals to provide service on a national basis for the complex property loss needs of our insurance company clients."

StoneRidge Advisors acted as financial advisor to NCA Group on this transaction.

About NCA Group

Founded in 1984, NCA Group is a premier provider of loss adjusting and claims management solutions to leading insurance carriers throughout North America. NCA Group's subsidiaries include Gentry & Associates, NHI General Adjusters, PWP International and T.M. Mayfield & Co.