Command Investigations acquires CoventBridge's insurance division. The deal creates the largest insurance investigations firm in the US, bringing together two national SIU providers backed by private equity. Command Investigations has acquired the insurance division of CoventBridge, creating what the companies describe as the largest insurance investigations firm in the United States. The transaction is the first major acquisition Command has completed since Pittsburgh-based Incline Equity Partners acquired the firm in March 2025 with a stated intent to pursue accelerated M&A - meaning the CoventBridge deal arrives 16 months into that ownership, giving Incline's strategy its first substantial execution. A roll-up story with deep private equity roots. The consolidation logic runs through both sides of the transaction. Command was recapitalised by Monument MicroCap Partners in 2019 and completed eight add-on acquisitions under that ownership before the March 2025 sale to Incline. At the time, Incline said it planned to pursue accelerated mergers and acquisitions to expand Command's offerings and push into adjacent markets. The CoventBridge insurance division acquisition is the clearest signal yet of what that acceleration looks like in practice - a transformational scale deal rather than the tuck-in additions that characterised the Monument era. CoventBridge's insurance division is backed by Harwood Capital and was formed in 2016, growing into one of the better-known names in the US insurance investigations sector. The division serves more than 200 top-tier insurance carriers, third-party administrators and self-insureds, with SIU specialists averaging 15 years of experience and proprietary in-house case management technology. Outside the insurance division, CoventBridge remains one of the largest providers of outsourced investigative services to government health programmes including the Centers for Medicare & Medicaid Services and the US Department of Agriculture, and will continue under Doug Merriman as CEO of CoventBridge Integrity Systems. The combined platform. Command, headquartered in Lake Mary, Florida, delivers surveillance, remote surveillance, desktop intelligence, SIU and compliance, and field investigations through a network of more than 900 investigators across all 50 states. The addition of CoventBridge's insurance division brings enhanced case management infrastructure and international investigator reach across the United Kingdom and select global markets, alongside CommandX, Command's dedicated non-billable quality unit. Seth Markham, president and CEO of Command Investigations, said: "CoventBridge's insurance division earned its reputation through years of relentless investigative work and a team that genuinely takes pride in getting it right on every case; we share that culture. Together, we will offer carriers and claims teams the broadest investigator coverage in the country, technology that makes every engagement faster and more precise, and an investigative standard built to protect their interests." The fraud cost backdrop driving consolidation. The scale-up arrives as fraud remains a persistent drag on the industry's bottom line. The Coalition Against Insurance Fraud's most recent comprehensive study puts total US insurance fraud losses at $308.6 billion a year across all lines, with property and casualty fraud alone accounting for an estimated $90 billion to $122 billion of that figure. That backdrop has fuelled continued demand for outsourced SIU and investigative capacity - a trend that has made national-scale investigations platforms with standardised case management technology and consistent cross-jurisdictional coverage increasingly attractive relative to fragmented regional vendors. The combined Command and CoventBridge insurance division platform is positioned to compete directly for enterprise-level carrier and TPA mandates on that basis. Transition mechanics. Seth Markham will lead CoventBridge's insurance division as part of Command Investigations. The CoventBridge Insurance Investigations mark will be retained during the transition before the business moves to operate fully under the Command name. Both companies said clients should expect uninterrupted service alongside access to a broader pool of investigative resources. Brown Gibbons Lang & Company acted as exclusive financial advisor to CoventBridge in the transaction.

North Atlantic Smaller Companies Investment Trust has announced the partial sale of Coventbridge Group Limited. The transaction will repay a loan note and generate additional proceeds for the trust.