Alacrity Solutions Group, LLC
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Alacrity Solutions Group, LLC - overview
Established
1976
Location
Fishers, IN, US
Primary Industry
Insurance
About
Alacrity Solutions Group, LLC, based in the US, specializes in comprehensive insurance claims management and repair services, facilitating an efficient claims journey for insurance carriers and policyholders nationwide. Alacrity Solutions Group, LLC provides insurance claims management and repair services. The firm was founded in 1976 and is headquartered in Fishers, US. In February 2023, BlackRock Alternative Investors acquired Alacrity Solutions Group, LLC from Kohlberg & Company.
Alacrity Solutions specializes in comprehensive insurance claims management and repair services, designed to facilitate the entire claims journey from the initial report of loss to the completion of necessary repairs. Their offerings include a fully-scalable operations center staffed by insurance-trained professionals available 24/7, independent loss adjusting services, and a vast network of credentialed contractors for mitigation, restoration, and repair tasks. Alacrity also provides temporary housing solutions and assistance with contents inventory and valuation to streamline the settlement process for policyholders across all 50 states in the U. S.
The company's solutions focus on insurance carriers and their clients, ensuring efficient claims handling. Alacrity Solutions generated revenue of USD 315,000,000 in the most recent year, 2018. The company generates revenue primarily through partnerships and service agreements with insurance carriers, leveraging a fee-for-service model for their comprehensive suite of claims management and repair services, which include claims administration, contents solutions, and managed repair services. Moving forward, Alacrity Solutions plans to expand into new geographic markets and enhance their product offerings.
The company aims to introduce innovative claims management solutions designed to improve efficiency by the end of 2023. The recent funding from the SECONDARY BUYOUT will be utilized to support these initiatives, further strengthening their market presence and enhancing service capabilities.
Current Investors
Advantage Capital, Seaport Capital, Kohlberg & Company
Primary Industry
Insurance
Sub Industries
Recruitment/Executive Search, Claims Administration & Processing
Website
www.alacritysolutions.com
Verticals
InsureTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Alacrity Solutions Group, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, Secondary Buyout | Completed | Altimeter Solutions Group | - | ||||||||
| Secondary Buyout | Completed | Alacrity Solutions Group, LLC | - | ||||||||
| Secondary Buyout | Completed | Alacrity Solutions Group, LLC | - | ||||||||
| Add-on | Completed | Property Damage Appraisers, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Temporary Housing Directory, LLC | - |
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Alacrity Solutions Group, LLC - employee data
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