Jardine Lloyd Thompson (JLT), one of the world’s leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is delighted to announce the acquisition of AssetVal Pty Ltd, one of the Australia’s largest, specialist valuations practices led by Phillip Holzberger and based in Brisbane.
AssetVal is a specialist valuations practice providing valuation services for clients with complex valuation needs including valuing property, plant, equipment and infrastructure for financial reporting, accounting, compliance and insurance purposes. The acquisition of AssetVal will further expand JLT’s specialist valuations market capabilities, providing clients with risk and consulting services to support complex valuation requirements.
Paul Johnson, Head of JLT Risk Consulting, said: “This acquisition is a strong step towards JLT becoming a leading specialist valuations provider, with a focus on best in class service. We are excited to integrate the two complementary businesses, both of which have experienced strong growth, focused on servicing the complex valuation requirements of a diverse range of clients throughout Australia and New Zealand.”
Phillip Holzberger, Managing Director of AssetVal, said “We are excited to join JLT and believe it is a strong cultural fit for our leading team of specialists. We see the opportunity with JLT to grow our already well respected valuations practice with a wider client base that complements our current business. We have a respected name in the valuations market for delivering quality, value for money solutions and look forward to working with the JLT teams across Australia and New Zealand to become the leading specialist valuations provider in this region.”
Chief Executive Officer
JLT Australia and New Zealand