Handdii Holdings Inc. Secures Strategic Investment by Johns Lyng Group to Meet Rising Demand for Managed Repair
2024年5月16日 - 2:27AM
ビジネスワイヤ(英語)
Handdii Holdings Inc. (“handdii”), a pioneer in digital property
claims, today announces strategic investment by Johns Lyng Group
(“JLG”), a leading provider of integrated building services and
restoration solutions. This investment comes as the demand for
trusted, quality providers in insurance property repair is on the
rise.
Amidst increasing pressure on insurance companies to manage
growing claims costs while ensuring quality construction services
for policyholders, the $100 billion U.S. industry is turning
towards managed repair services at an accelerated rate. handdii,
with its cutting-edge digital platform for policyholders, not only
streamlines the claims process and controls costs for insurance
firms but also offers peace of mind through its robust managed
network of local contractors spanning 38 states.
Establishing itself in the U.S. in 2019 through the acquisition
of Steamatic Inc. and significantly growing that presence with the
2021 acquisition of Reconstruction Experts, JLG has strategically
expanded its operations, now boasting 33 business partners across
51 locations in 5 states, and a growing affiliate network
nationwide.
This newfound partnership between handdii and JLG will
effectively double the combined contractor field force, enhancing
both parties' service capabilities. The investment will empower
handdii to tap into JLG’s resources and support, enabling the
expansion of operations and enriching service offerings in the
competitive U.S. market. Simultaneously, Johns Lyng Group will
leverage its expertise in restoration and construction services to
drive growth and development in the region.
Christie Downs, CEO & Co-Founder of handdii said: "We are
delighted to enter into this strategic alliance with Johns Lyng
Group. This investment not only aligns with our core competencies
but also signifies our shared commitment to driving positive change
and advancement in the property insurance claims sector."
By pooling their strengths, Johns Lyng Group and handdii aim to
accelerate their growth trajectories, deliver exceptional services,
and solidify their presence in the competitive market
landscape.
About Handdii
handdii provides a cutting-edge digital repair network solution
to the insurance industry, streamlining property claims. Their
proprietary platform connects and simplifies the workflow between
insurance companies and their customers, utilizing a pre-qualified
network of local contractors. handdii prioritizes cost and
timeliness control, offers transparency in the repair process, and
delivers a convenient and delightful experience for all parties
involved. Operating in the United States and Australia since 2019,
handdii partners with both top-tier and regional insurance
companies in both markets. For more information, visit
handdii.com.
About Johns Lyng Group
Johns Lyng Group Limited (JLG) is an integrated building
services group delivering building and restoration services across
Australia and the US. JLG’s core business is built on its ability
to rebuild and restore a variety of properties and contents after
damage by insured events including impact, weather and fire events.
Beginning in 1953, JLG has grown into an international business
with over 2,300 employees servicing a diversified client base
comprising major insurance companies, commercial enterprises, local
and state governments, body corporates/owners’ corporations and
retail customers. JLG defines itself by delivering exceptional
customer service outcomes every time.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515113320/en/
Christie Downs christie@handdii.com www.handdii.com