TSL Express Daily News

London, UK 

Davies, the leading specialist professional services and technology company serving insurance and highly regulated markets, today announced the appointment of Matt Button as Deputy Group Chief Executive Officer.

In his new role, effective 1 January 2025, Matt will assume day-to-day leadership of Davies’ three go-to-market business units, including across operations, sales, and marketing.  Reporting to Group CEO, Dan Saulter, Matt will be responsible for driving organic growth and service on a global basis.  Matt joined Davies in 2015, and has served as Group M&A Director, and latterly as CEO of Davies North America, now Davies’ largest business unit, following its launch in 2019.

Over the past ten years Davies has consistently delivered high single-digit annual organic growth, coupled with a strategic M&A program that has been the business increase revenues more than 25-fold since 2015.  In addition, Davies has invested heavily in research & development, innovation & artificial intelligence (“AI”), platform integration & underlying business systems, colleague development, and client service.

Alongside the Deputy Group CEO announcement, Davies unveiled its Vision-2030 strategy that will see the firm focus investment across four central pillars: Technology & AI; Organic growth & cross-selling; Geographic & solution expansion; and Operational Excellence.  The firm aims to grow annual global revenues to £2.5-3.0 billion by the end of 2030.

Dan Saulter, Group CEO, said: “I am looking forward to working closely with Matt as he returns to a global role, having successfully grown our North America operations from zero to nearly $500m annual revenues in the past five years.  We are proud of our ten years of uninterrupted growth, and we are looking forward to executing on our Vision-2030 goals.”

Commenting on his appointment, Matt added: “I am very much looking forward to working with Dan and the rest of the team to deliver our global expansion plans and continuing to support our efforts to drive organic growth and great outcomes for clients."

Earlier in 2024 Davies announced the appointment of Amber Wilkinson to the role of Group CFO, a role she takes up in January 2025.

Following Matt’s promotion to Deputy Group CEO, the firm will run a short internal process in Q1 2025 to appoint a new CEO for Davies North America.  In the interim, senior Davies executive, Dhara Patel, steps up to interim CEO of Davies North America until the role is filled. Dhara joined Davies in 2023 following Davies’ acquisition of ACM, USIS, PGCS and ICA and was promoted to President and Deputy CEO of Davies North America in July 2024.
 
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Media contact:  
Sarah Allen, Head of PR, Davies    
Email: sarah.allen@davies-group.com     
 
Eoghan McGrane, US Press Officer, Davies    
Email: eoghan.mcgrane@davies-group.com     
 
About Davies  
Davies delivers specialist professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, forensic accounting, customer experience, human capital, digital transformation & change management. In February 2023 Davies announced it had simplified its operations and aligned the business across three operating units: Davies Global Solutions, Davies UK & Ireland, and Davies U.S. Davies has an 8,500 strong team of professionals operating across 20+ countries, including the UK & the U.S., with headquarters in the City of London. Davies’ investors are BC Partners, HGGC, AIMCo (acting on behalf of certain of its clients), and Davies’ employees following BC Partners majority investment in March 2021, HGGC’s investment in January 2017 and AIMCo’s investment in January 2019. Over the past ten years Davies has grown its annual revenues more than 25-fold, invested heavily in research & development, innovation & artificial intelligence (“AI”), platform integration & underlying business systems, colleague development, and client service. Today the group serves more than 1,700 insurance, financial services, public sector, and other highly regulated clients. In the past year Davies has added more than 200 new accounts to its organic platform. In addition, Davies has successfully broadened and deepened its operations and digital capabilities via targeted acquisitions. Since the start of 2017 Davies has acquired: Cynergie, CMSL, Ambant, ServiceTick, TLSS, R&Q’s insurance services business, Ember, Direct Group’s claims businesses, Veriphy, USA Risk Group, TMS, GBB, Banwells, Frontier, FWD, ASC, Thornton Group, Keoghs, Codebase8, Citadel & Cedar Consulting, ContactParners, TriPlus, Johnson Claim Service, Vehicle Replacement Group, BMTS, Wakely Actuarial, Northshore International Insurance Services, DMS, NPA, Littleton, Grovelands, IAS, Asta, IRS, Sionic, Merlinos, BVS, Worksmart, ProAdjust, Johns Eastern, ClaimPilot, MVP Group, Afirm, Ortac Underwriting Agency’s (“Ortac”) insurance management services portfolio, American Claims Management, Preferred Governmental Claims Services, USIS, ICA, MDD, Shoreside Law, Minuteman Adjusters and Budget Claims Services Inc., (dba Barker Claim Services). More information is available at www.davies-group.com.  

About BC Partners  
BC Partners is a leading investment firm with over €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for over three decades in developing the European buy-out market. Today BC Partners integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: Healthcare, TMT, Business Services & Industrials, and Consumer. Since its foundation, BC Partners has completed over 126 private equity investments in companies with a total enterprise value of over €160 billion and is currently investing its eleventh private equity buyout fund. For more information, please visit www.bcpartners.com. 

About HGGC  
HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 130 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of nearly $22 billion. More information, including a complete list of current and former portfolio companies is available at www.hggc.com.  

 About Alberta Investment Management Corporation (“AIMCo”)  
AIMCo is one of Canada’s largest and most diversified institutional investment managers with more than C$115 billion of assets under management. AIMCo was established on January 1, 2008, with a mandate to provide superior long-term investment results for its clients. AIMCo operates at arms-length from the Government of Alberta and invests globally on behalf of 31 pension, endowment and government funds in the Province of Alberta. AIMCo’s head office is located in Edmonton, Alberta, with additional offices located in Toronto, London, and Luxembourg. AIMCo’s Private Equity team comprises a dedicated group of experienced investment professionals and manages a private equity allocation of approximately C$6.0 billion. More information is available at www.aimco.alberta.ca.