Praxis Consulting acquires Aon Recovery

Praxis Consulting, Inc., a specialty provider of recovery and consultative services, has completed its acquisition of the assets of Aon Recovery, Inc., the subrogation specialty business unit of Aon Global Risk Consulting. 

"This acquisition is a significant step for Praxis to enhance its existing suite of recovery services allowing our clients to best serve their customers," said Rob Ford, founder and CEO of Praxis Consulting. "We are excited by the prospect of having Aon Recovery's business join Praxis. Through this transaction we have strengthened our company fortifying our position in the marketplace."  

Praxis's business model, approach, and technology remain intact. The increased capacity and expertise will result in added depth to the company's repository of knowledge and recovery services available to clients. 

The acquisition is part of Praxis's long-term strategy to continually exceed our clients' needs, provide thought leadership to the industry, and broaden opportunities within the market. Praxis will maintain an office in Long Island, New York, thus giving it a greater presence in target markets, as well as access to other key clients in the region. 

About Praxis:

Praxis Consulting is a service provider specializing in subrogation benchmarking, outsourcing, and closed-file reviews and enhancing the recognition and recovery results of U.S. auto insurers, self-insureds, and municipalities in all 50 states. Praxis was founded in 1997 and has compiled a vast library of best practices in the area of subrogation recognition and recovery. As a niche provider, Praxis possesses a significant competitive advantage due to its size, strength, and capacity.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.