Davies to buy Canada claims leader SCM as its PE backers join share roster
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Davies to buy Canada claims leader SCM as its PE backers join share roster

The transaction is Davies’ largest strategic M&A addition to date.

By Rebecca Perkins
November 10, 2025
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SCM office building in Thornhill, Ontario, Canada. SCM Insurance Services.png

Financial services company Davies Group has entered an agreement to acquire Canadian claims processing and risk solutions provider SCM Insurance Services (SCM) in a deal that will see SCM’s existing institutional shareholders – Warburg Pincus and TorQuest Partners –...

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