Davies Group, the third party administrator and specialist outsourcer, today announces the acquisition of the UK-based specialist regulatory services business Cynergie UK.
The Cynergie deal is Davies’ first acquisition since midmarket private equity investor HGGC took a majority stake in the business in January 2017.
Davies Group, a leading third-party administrator and specialist outsourcer, has announced the acquisition of UK-based specialist regulatory services provider, Cynergie UK Ltd. This marks Davies’ first acquisition since HGGC’s majority investment in January 2017, supporting its strategy to expand niche and specialist services, technology, and technical expertise.
Headquartered in Peterborough and Birmingham, Cynergie specialises in outsourced regulatory and complaints management services. Their expertise spans highly regulated sectors such as insurance, financial services, utilities, as well as ombudsmen and regulators. With a proven track record in delivering value to their clients, Cynergie is a leader in the regulatory services space.
The acquisition of Cynergie brings a new level of specialist capability to Davies Group. This move allows Davies to expand its service offerings, particularly in complaints and regulatory services, complementing its existing insurance claims and services portfolio. The acquisition is a key step in Davies’ growth strategy, which focuses on enhancing its client offerings through investment in specialized services and technology.
Cynergie’s senior leadership team, led by Managing Director Mark Parnaby, will join Davies, ensuring continuity and expertise in the newly formed division. Parnaby will report directly to Dan Saulter, CEO of Davies Group, as Cynergie continues to operate under its brand while becoming an integral part of Davies’ broader service portfolio.
Davies CEO Dan Saulter said:
“We are delighted to be partnering with Cynergie’s exceptional team, who have built strong, long-term client partnerships. This is a strategic step in broadening our capabilities and delivering more value to our clients through niche services, technology investments, and enhanced expertise.”
Mark Parnaby, Managing Director of Cynergie added:
“Joining forces with Davies allows us to enhance the support we offer to our clients. The combination of our services, along with Davies’ commitment to technology and investment, will undoubtedly increase the value we can deliver to the highly regulated sectors we serve.”
The acquisition of Cynergie marks a significant milestone for Davies Group as it strengthens its position in providing comprehensive regulatory services. Both companies will work together to further develop their capabilities and expand into new sectors, ensuring they continue to meet the evolving needs of their clients.
Douglas Edmunds advised the founders of Cynergie UK Ltd on the sale of the business to Davies Group.
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