Courteville Business Solutions Plc. (NSE: COURTVILLE/ BLOOMBERG: COURTVIL), an indigenous information and business process technology provider has announced its first international acquisition with the purchase of Priority Loss Adjusters Ltd., an auto adjuster, from the Priority Group in Jamaica.
Priority Loss Adjusters is part of the Priority Group of companies. Incorporated in February 2001, its primary area of specialty is in damage assessments for motor vehicles, and the preparation of valuations and mechanical reports for all types and sizes of motor vehicles.
Priority Loss Adjusters has built a reputation in Jamaica for its ethical principles in the loss adjusting industry and the fair treatment it accords all the parties involved in the insurance claims process. It maintains offices in 6 locations across Jamaica: Kingston, Montego Bay, Ocho Ricos, Portland, Savanna-La-Mar, Port Antonio, and Mandeville.
Speaking on the cross-border deal, Mr. Adebola Akindele, the Group Managing Director of Courteville Business Solutions Plc, said “Courteville’s acquisition of Priority Loss Adjusters validates the global appeal of our unique business model. In the space of ten years, Courteville has established its dominance as the most successful business process outsourcing provider for the transportation and insurance sectors in sub-Saharan Africa. The next logical step is to push our value proposition into virgin markets outside these shores. In Priority Loss Adjusters, and Jamaica, we have found the ideal partner, and a welcoming market where we can create additional value for customers, and our shareholders. Courteville is passionate about its vision to positively touch the lives of citizens of the world, and this acquisition only serve to further this quest.’
In his remarks, Denis St. Bernard, Chief Executive Officer of the Priority Group, stated that “The Priority Group is delighted to conclude this transaction with Courteville Business Solutions. We are convinced that the company has the pedigree, and commitment to take Priority Loss Adjusters to the next level. Our decision to sell Priority Loss Adjusters is a strategic move, that would enable the Priority Group to focus our resources and efforts on our core business services, that is, investigations, surveillance and property services”.
Courteville Business Solutions Plc, an ISO 9001:2008 certified e-business solutions development company has been listed on the Nigerian Stock Exchange since 2009. It focuses on process re-engineering in both the private and public sector by providing cutting edge solutions to complex operational challenges, through the development and delivery of unique business solution models, revenue stream improvement and cost management processes. Courteville has presence in Trinidad & Tobago, Zimbabwe, Republic of Guinea, Senegal, Kenya and Sierra Leone.
The company’s unique solutions include the Parent to School Education Administration & Monitoring System (P-SEAMS), www.egoleshopping.com (e-commerce shopping mall), Regulated Product Administration & Monitoring Solution for NAFDAC and Insurance Policies Database Solution for Nigerian Insurance Association (NIA) and the Insurance Council of Zimbabwe (ICZ). The company also has other services targeted at SMEs and vocational education.