secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001104659-21-122326
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000110465921122326/0001104659-21-122326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000110465921122326/tm2129090d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-122326

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer