Bay Shore, NY March 24, 2014. SMP Consulting Group, the country’s leading workers’ compensation premium auditing firm as well as a distributor of specialty insurance products through its nationwide network of partners, today announced a significant capital investment in its capabilities by Headwind Capital. The announcement was made jointly by Greg Walker, President and CEO of the privately held Headwind Capital, and Edward J. Kelly, Jr., President and CEO of SMP.
Through this new relationship, SMP will continue to expand its signature workers’ compensation premium recovery services to mid-sized companies that may be overpaying premiums due to erroneous employee classifications, outdated rates or other factors.
Additionally, the capital investment will enhance SMP’s Working Partners Network – which provides opportunities to middle-market brokers across the country to expand their offerings in their marketplaces with highly specialized coverage in specific industries. These industries include trucking, construction, health care, education, restaurants and nightclubs, parking garages, and municipal services.
“Through this new alliance with Headwind, SMP is uniquely positioned to help our clients recoup premium overpayments and reduce their costs moving forward, and back that up with alternatives and innovative options from their local insurance broker,” said Kelly.
“I have watched with interest the changes in the insurance space for a number of years, and have provided capital to grow a number of companies in the industry,” stated Walker. “As the economy continues to strengthen, employers will be looking closely at their insurance costs, and Headwind sees this as an opportunity to provide a valued service through SMP.”
Walker said he is also excited about SMP’s growing national Working Partners Network, which is comprised of brokers in 48 states. “Prior to investing I spoke with a number of Working Partners who are thrilled with SMP’s products and service offerings, and Working Partners brokers will continue to experience impressive growth in their business through their affiliation with SMP,” he noted.
SMP Consulting Group markets premium recovery and other cost-containment services to companies across the nation resulting in the retrieval of substantial dollars in overpayments made to insurance carriers and employee leasing companies (PEO). Services are provided on an exclusive basis to members of SMP’s nationwide broker network known as the Working Partners Network.
Headwind Capital, LLC, founded in 2008, is a privately held investment boutique that advises and invests in middle market companies in emerging growth markets. To date, Headwind Capital and its principals have structured, negotiated and closed over $3.0 billion in financing in fifteen different industries and within ten different countries.
For more information on SMP Consulting Group contact Edward J. Kelly, Jr. at firstname.lastname@example.org. For more information on Headwind Capital, LLC. Contact Greg Walker at email@example.com
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