Company moves ahead with WeGoLook deal
Copyright © 2016, The Oklahoma Publishing Company
Atlanta-based Crawford & Co. has agreed to buy 85 percent of the membership interest in Oklahoma City-based WeGoLook for $36.1 million, the companies announced Tuesday. The deal is expected to close next month.
Crawford & Co. provides claims management for insurance companies and self-insured entities. WeGoLook provides on-site inspections and other field services. The company uses about 26,000 “Lookers” nationwide for services ranging from vehicle inspections services to collecting field data for insurance companies.
“I am very pleased to welcome WeGoLook’s employees, contractors and customers to Crawford given the tremendous potential that I see as we combine WeGoLook’s innovative technology with Crawford’s global reach and client relationships,” Crawford CEO Harsha V. Agadi said. “Their cost-effective services will allow Crawford to unlock the large, underserved market for high-frequency claims, reduce claim handling fees, and help guard against fraud.”