The $6.7 billion deal will be finalized later this year. (Photo: Sedgwick)

Today, Sedgwick announced that affiliates of funds managed by global alternative asset manager The Carlyle Group have agreed to become the majority owner of Sedgwick, in a transaction valued at approximately $6.7 billion.

Each year, Sedgwick handles more than 3.6 million claims and has fiduciary responsibility for claim payments totaling more than $19.5 billion. The Carlyle Group is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].