Lovell Minnick Announces Acquisition of J.S. Held
ROSLYN HEIGHTS, N.Y., March 30, 2015 – Lovell Minnick Partners LLC is pleased to announce the acquisition of a majority interest in J.S. Held LLC, a specialty advisory firm providing outsourced consulting services to its insurance industry clients. In conjunction with the investment, Held Enloe & Associates, LLC will combine with J.S. Held, further strengthening J.S. Held’s property loss consulting, litigation and dispute resolution services, and construction and development advisory services.
J.S. Held and Held Enloe professionals have served as consultants, expert witnesses, and arbitration panelists on many of the largest and most complex property insurance claims, construction projects and disputes. The senior management team of both firms will continue to hold a significant minority interest in the combined company.
J.S. Held’s President and Chief Executive Officer Jonathon Held said, “With the Lovell Minnick investment, J.S. Held has a partner who shares our vision for growth. Through its depth of knowledge and focus on financial service firms, Lovell Minnick has an extraordinary track record of investing in growth-oriented companies in our sector.” Held Enloe’s Managing Member Lisa Enloe added, “The combined service offering of J.S. Held and Held Enloe will provide clients with a world-class resource to help navigate through the increasingly complex claims and litigation environment.”
Lovell Minnick Managing Director Bob Belke noted, “We believe that an increasing propensity among insurers to seek third-party expertise when managing complex claims, coupled with the depth and talents of the J.S. Held and Held Enloe professionals, will result in significant growth opportunities for the company. Jon, Lisa, and their colleagues have built a formidable company that has superbly executed upon its growth plan, and we are proud to partner with them.”
Deloitte Corporate Finance LLC acted as financial advisor to J.S. Held and Held Enloe, and William Blair & Company, L.L.C. acted as financial advisor to Lovell Minnick. Zukerman Gore Brandeis & Crossman LLP acted as legal counsel to J.S. Held and Held Enloe, and Morgan, Lewis & Bockius LLP acted as legal counsel to Lovell Minnick.
About J.S. Held
Founded in 1974, J.S. Held has extensive experience in all facets of property loss consulting, including estimating, scheduling and project monitoring. J.S. Held’s consultants have evaluated damage to more than 50,000 buildings and structures throughout the world and have experience working on all types of engagements including insurance claims related to commercial, industrial, high rise, special structures, governmental, residential, and infrastructure damages. The Company has a presence in over 20 locations throughout the U.S. and Canada. For more information regarding J.S. Held, please visit www.jsheld.com.
About Held Enloe & Associates
Held Enloe & Associates was formed in 2005 by two of the construction and insurance industries’ top leaders, Lisa A. Enloe and Jonathon C. Held. Today, Held Enloe & Associates is a full service construction consulting firm with expertise in managing and advising on large complex construction projects of all types. Held Enloe offers a variety of construction and development related services to enable clients to more effectively manage risk and uncertainty throughout all phases of construction, from project commencement through close-out. For more information regarding Held Enloe & Associates, please visit www.heldenloe.com.