Advisory
BDO Acquires Insurance Claim and Valuation Firm Quantum
Quantum Global Advisors is one of the largest property claims consulting practices that specializes in all property insurance categories, including business interruption claims process and forensic loss analysis. In its more than seven decades of ...
Oct. 06, 2020
The national accounting and business advisory firm BDO USA, LLPhas acquired Quantum Global Advisors, LLC, a renowned international insurance claim and valuation consulting practice headquartered in Chicago. The expansion positions BDO USA as a top Forensic Investigations and Litigation Support practice in the market, with a complete portfolio of personalized claims services. The combination is subject to customary closing conditions and is expected to be completed on October 16.
“Right now, our clients need a 360-degree view of their businesses to remain resilient during these challenging times. From the global pandemic, to the wildfires in the West and hurricanes striking our Gulf Coast, these events cause untold disruption to communities, as well as severe business interruption across the country,” said Jay Duke, national managing partner for Advisory Services at BDO USA. “In combination with Quantum, we now have a deeper, more holistic business insurance advisory practice that will result in stronger outcomes as organizations, large and small, work towards recovery.”
Founded in 1945, Quantum Global Advisors is one of the largest property claims consulting practices that specializes in all property insurance categories, including business interruption claims process and forensic loss analysis. In its more than seven decades of client service, Quantum professionals have brought immense knowledge and expertise to stabilize business conditions, maintain steady operations and plan strategically for its clients. Since its founding, the firm has continued to increase its service offerings, resolving over 10 billion property and time element claims, with clients spanning the globe.
“As we recognized our 75th anniversary on October 1st, I cannot help but think about my father and uncle, who co-founded Quantum Global Advisors and how they helped resolve countless insurance claims across all industries while our country continued to build, progress and evolve throughout the century. Since then, and throughout my 40 years with the firm, my family and I have remained dedicated to Quantum’s long-standing success,” said Kenneth Ritter, principal at Quantum Global Advisors. “Much like BDO, my father and uncle established Quantum to help people thrive. To us, joining BDO doesn’t just make business sense; it honors the legacy my father helped create.”
Aligned with BDO’s ongoing investments in technology, Quantum’s digital platform, Asset Intel Modeling (AIM), will enhance BDO’s claims services with critical, real-time data on client assets in an interactive, visual manner. With added tools like Quantum AIM, BDO can continue to closely advise its clients amid today’s economic uncertainty.
“We have grown tremendously over the last 75 years, and are proud of this expansion which will now position BDO among the largest insurance claims provider and policyholder servicers in the world,” said Steve Dimakos, principal at Quantum Global Advisors. “The enhanced capabilities will enable BDO to provide best-in-class personalized claims services to an expanded network of businesses worldwide to help them tackle issues, both expected and unexpected.”