CRAWFORD& COMPANY (MUTF:CDGCX) Files An 8-K Completion of Acquisition or Disposition of Assets

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CRAWFORD& COMPANY (MUTF:CDGCX) Files An 8-K Completion of Acquisition or Disposition of Assets

Item2.01, Completion of Acquisition or Disposition of Assets.


On January4, 2017 (the Closing Date), Crawford
Innovative Ventures, LLC, (the Purchaser), a
wholly-owned subsidiary of Crawford Company (the
Company), completed its acquisition of 85% of
the outstanding membership interests of WeGoLook, LLC, an
Oklahoma limited liability company (the Target),
for an aggregate purchase price (the Purchase
Price
) of $36,125,000 (the
Transaction), to a Membership Interest Purchase
Agreement by and between the Purchaser, Robin Smith, Mathew
Smith, Kenneth Knoll, and Those Additional Sellers Listed on
Exhibit A thereto (the Purchase Agreement).


A summary of the Purchase Agreement was included as part of the
Companys Form 8-K which was filed with the Securities and
Exchange Commission on December6, 2016, and is incorporated
herein by reference. Such summary is qualified in its entirety by
reference to the Purchase Agreement which is attached as Exhibit
2.1 hereto and is incorporated herein by reference.


The press release issued by the Company on January5, 2017
announcing the completion of the Transaction is attached as
Exhibit99.1 hereto and is incorporated herein by reference.


Item9.01
Financial Statements and Exhibits.

(d) Exhibits


Exhibit


Number


Description


2.1


Membership Interest Purchase Agreement, dated December6,
2016, by and among Crawford Innovative Ventures, LLC, Robin
Smith, Mathew Smith, Kenneth Knoll, and Those Additional
Sellers Listed on Exhibit A Hereto.


99.1


Press Release dated January5, 2017, titled Crawford Company
Completes Acquisition of Majority Interest in WeGoLook,
LLC.