A New Jersey firm has acquired Sacramento-based Bickmore, which calls itself the nation’s largest independent employee-owned risk management and actuarial consulting firm.
York Risk Services Group, a national provider of risk management, claims management and managed care services, did not disclose financial terms of the deal in Monday’s announcement. York is headquartered in Parsippany, N.J., and employs nearly 4,000 people nationwide.
Officials said the local company will continue to function as usual under the Bickmore name.
“We are pleased and excited to be joining the York family of companies,” said Gregory Trout, CEO of Bickmore, in a statement. “This is a great opportunity for our associates and customers as we continue to develop innovative risk management programs for our clients and create new growth opportunities.”
Rick Taketa, president and CEO of York, said the addition of Bickmore “enhances our ability to provide an unparalleled suite of risk management and insurance solutions to our customers, whether they are public entities, (risk) pools or private companies.”
Bickmore, which started as a small consulting business in 1984, now employs about 115 people and has clients in 40 states. It has a working relationship with numerous public entities such as municipalities, counties and special districts, as well as municipal risk pools in California, Nevada, Oregon, Montana, New York and Alaska.
Bickmore’s private sector presence includes clients in health care, construction, education and real estate. Areas of specialization include employment law, safety, human resources, business strategy, actuarial data and finance. The company has satellite offices in El Dorado Hills; Oakland; Orange; Dana Point; Portland and Ashland, Ore.; and Providence, R.I.
York officials said Bickmore’s expertise will dovetail with York Pooling, a division that provides risk and claims management services to public entity pools across the United States.
Call The Bee’s Mark Glover, (916) 321-1184.