Sedgwick Claims Management Services Inc. agreed to acquire OSG Group, an outsource services provider in Ireland.

OSG provides property and liability loss adjusting services, as well as third-party administration, motor and specialist claims and customer support to clients in the Irish and overseas markets. It also provides staffing services to the financial services, legal, banking and insurance sectors.

The purchase marks Sedgwick's first investment in Ireland, expanding the company’s global footprint. Staffing services are also a new addition for Sedgwick.

The transaction is expected to close next month; terms were not disclosed.

OSG will continue to operate as an independent entity but under the name OSG Vericlaim, a Sedgwick company. Its leadership team will remain in place and continue to be responsible for day-to-day management of OSG Vericlaim’s local operations. OSG CEO Malcolm Hughes will remain at the helm of the organization, reporting to the managing director of Sedgwick International. OSG’s staff of more than 400 in eight locations across Ireland will remain.

“As a sophisticated insurance and financial services center for much of Europe, Ireland was a natural fit for the next stage of Sedgwick's growth beyond North America,” said Sedgwick President and CEO Dave North.

Sedgwick, headquartered in Memphis, Tenn., provides technology-enabled risk and benefits solutions. It has more than 13,000 colleagues in about 275 offices located in the US, Canada and the UK. Sedgwick's majority shareholder is KKR; Stone Point Capital LLC and other management investors are minority shareholders.