Tuesday, April 30th, 2013

Avior Consulting is pleased to announce the sale of the business of Australian Network Adjusters (ANA) to VRS ANA Pty Ltd, a company operated by the original founder of ANA, Mr Jaye Kumar.

ANA was founded by Mr Kumar in 2000 as an alternative to the big adjuster models. It is a network of over 30 independent loss adjusting firms, with state and national management, systems and quality control. The network covers all Australian states and territories and offers general and specialist lines of adjusting claims services. It uses only qualified and experienced adjusters, delivering superior service quality.

ANA has also been a leader in the application of systems process management to the insurance claims industry, resulting in more transparent and reliable loss adjusting procedures.

"Australian Network Adjusters has been 14 years in the making," Mr Kumar said. "I will do all I can to keep the name and grow the business. We have made a difference in the market, both to clients and our network members who have been provided with a lifeline to maintain their independent operations and be part of a national organisation. The new management team will be announced on Monday of next week".

Avior Consulting's Managing Director, Dermott McVeigh, was appointed liquidator of the company that owned Australian Network Adjusters earlier this month. 

Mr McVeigh commented, "At Avior we specialise in helping organisations achieve their goals in difficult circumstances.  Australian Network Adjusters required help to restructure the shareholding of its business quickly and efficiently and we were able to help with an independent and professional service that achieved this objective through a solvent liquidation process."

Mr McVeigh continued: "We are delighted to announce the successful sale of the business to a company controlled by Mr Kumar and we will work with Mr Kumar over the next few weeks to ensure a smooth transition for all customers of ANA".

Dermott McVeigh, a commercial restructuring specialist, brings over 13 years' experience in corporate restructures, financial modelling and debt and equity management.  Prior to founding Avior Consulting, McVeigh was a partner at Deloitte Australia and was instrumental in growing Deloitte's Perth practice. Dermott is available for comment.

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Avior Consulting

Avior Consulting is a boutique financial advisory firm providing quality advice and support to growing mid-market companies.  Avior Consulting has a proven track record in financial modelling, restructuring, transaction management, reporting, forecasting and strategy development. 

Avior Consulting is located in Roberts Rd, Subiaco, WA with more information available at www.aviorconsulting.com.au
Dermott McVeigh
P: +61 488 986 743
W: www.aviorconsulting.com.au/


Avior Consulting, Australian Network Adjustors



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