---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-122326"
form_type: "8-K"
ticker: "CRD-A"
cik: "0000025475"
company_name: "CRAWFORD & CO"
filed_at: "2021-10-04T23:59:59+00:00"
generated_at: "2026-06-28T23:34:39.098377+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Crawford acquires Praxis Consulting for $55.5M to expand subrogation services

## Summary
- Deal value $55.5M: $25.5M cash at closing, $20M Jan 2022, plus $10M earnout over two years.
- Praxis is a leading U.S. subrogation claims management provider, founded 1997, with proprietary data analytics.
- Acquisition adds specialist capability in the growing U.S. subrogation market, strengthens Crawford's platform.
- Crawford expects to leverage Praxis's long-term client relationships and proven recovery results.
- Transaction closed October 4, 2021; funded from cash on hand.

## SEC filing metadata
- accession: 0001104659-21-122326
- form_type: 8-K
- ticker: CRD-A
- cik: 0000025475
- company_name: CRAWFORD & CO
- filed_at: 2021-10-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25475/000110465921122326/0001104659-21-122326-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25475/000110465921122326/tm2129090d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-122326
- JSON: https://secwatch.observer/filing/0001104659-21-122326.json
- Plain text: https://secwatch.observer/filing/0001104659-21-122326.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.