FISHERS, Ind.--(BUSINESS WIRE)--Alacrity Solutions Group, LLC (“Alacrity Solutions”), a recognized leader in providing insurance claims management services in North America, today announced the acquisition of Fourseventy Claim Management (“Fourseventy Claims”). Financial terms of the transaction were not disclosed.
Founded in 2011, Fourseventy Claims established itself as a claims management leader with a keen focus on innovation and technology enablement. With a nationwide network of field and desk adjusters skilled in providing services across the residential and commercial property, casualty and liability markets. Fourseventy Claims also offers a full-service Third-Party Administration Program, providing end-to-end claims handling solutions to many of the leading insurance carriers in North America.
“Fourseventy Claims has established a solid reputation in delivering exceptional service to their clients. Their leadership team possesses years of industry experience, which serves as a key driver in the strong and long-lasting relationships they have been able to develop and continue to grow over the years. We are really excited to partner with Matt Fatheree, Rob Beller and the Fourseventy Claims team,” said Jim Pearl, CEO of Alacrity Solutions. “This acquisition further positions Alacrity Solutions as one of the leading claims management providers and expands our scale and expertise in North America.”
Matt Fatheree, founder and CEO of Fourseventy, stated, “We are excited to become a part of the Alacrity Solutions enterprise. Their full-service offerings, commitment to superior service and strong reputation across the industry are just a few of the traits that align strongly with Fourseventy Claims. Additionally, we share a common approach to our principles and how we conduct business in placing a priority on people, partnership and an overall passion for this business. We look forward to continuing our track record of success and growth as part of the Alacrity Solutions enterprise moving forward.”
The transaction with Fourseventy Claims is Alacrity’s ninth acquisition since 2015. Alacrity has a focused strategy of partnering with and acquiring exceptional new platform and strategic add-on businesses to better serve the insurance claims industry as a single source service provider.
Waller Helms Advisors, LLC served as financial advisor to Fourseventy Claims.
About Alacrity Solutions
Alacrity Solutions, based in Fishers, Indiana, is one of the largest independent providers of insurance claims management services in North America. Alacrity provides property, auto, casualty claims adjustment services, and staffing solutions, as well as a nationwide managed repair network to national and regional insurance companies, MGAs, TPAs, self-insured corporations, and clients in the federal/state government sector. Kohlberg & Company acquired a majority stake in Alacrity in 2019. For more information, please visit: www.alacritysolutions.com.
About Fourseventy Claims
Fourseventy Claim Management is an independent insurance adjusting firm that provides services in all fifty states with over eight hundred adjusters, servicing losses in the residential and commercial property markets. While exhibiting core values of innovation and versatility, Fourseventy passionately explores what the future might entail for the insurance claims industry. Fourseventy takes great strides in working with insurtech companies to build a more efficient and consumer-friendly experience for its clients. Managed by an executive team with over 200 years of industry experience, Fourseventy collaborates with its customers to take the best approach surrounding what is possible for process and outcome improvement. To learn more about Fourseventy, visit www.470claims.com.
