Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
a portfolio company of
was acquired by
Financial Advisor to Alacrity Solutions Group February 2023
Alacrity Solutions Announces Strategic Investment from BlackRock Alternatives’ Long Term Private Capital
Industry: Insurance

Alacrity Solutions Group, LLC (“Alacrity Solutions” or the “Company”), a recognized leader in providing insurance claims management services in North America, today announced that BlackRock Alternatives, through its Long Term Private Capital (“LTPC”) strategy, has acquired a majority interest in the Company. Alacrity’s incumbent majority investor, Kohlberg & Company (“Kohlberg”), and management will retain a significant minority interest in the Company. 

Alacrity Solutions is a market-leading, technology-enabled diversified provider of outsourced solutions to U.S. insurance carriers, providing essential services across the claims lifecycle, including field and desk adjusting, temporary housing, specialty and auto solutions, managed repair services and desktop review. The Company has a national presence in all 50 states and processes over 2.8 million claims annually on behalf of more than 300 carrier clients.

Led by a best-in-class management team with a track record of innovation and execution, Alacrity Solutions has delivered strong, persistent organic growth and completed 16 strategic acquisitions to create a differentiated solutions platform. Due to its high quality adjuster network, best-in-class execution and unwavering commitment to client success, the Company has developed a reputation for accurate, professional, and scalable services that serve clients’ critical needs throughout the claims handling and resolution process. 

“We are thrilled to be partnering with Blackrock LTPC, and continuing our partnership with Kohlberg, for our next chapter of growth,” said Jim Pearl, CEO of Alacrity Solutions.  “BlackRock LTPC has an exceptional reputation as a collaborative partner to the management teams of its portfolio companies, and I am looking forward to working with them to extend Alacrity’s position as the preeminent platform for outsourced insurance claims solutions in North America.  Likewise, Kohlberg has been an ideal partner for Alacrity over the last four years, having helped us execute on a number of strategic initiatives, including the expansion of our services across North America and continued technology innovation, and I am pleased to have Kohlberg’s continuing support of Alacrity Solutions as we accelerate into the future.”

André Bourbonnais, Global Head of BlackRock Long Term Private Capital, commented, “Alacrity Solutions has established itself as a differentiated market leader in the fast-growing outsourced claims solutions space, with long-tenured customer relationships and an impressive history of growth.  As long-term investors in the financial and business services sectors, we believe the Company has significant growth potential and are excited to partner with Jim and the Alacrity Solutions’ management team, alongside Kohlberg, to sustain the Company’s strong momentum.”

“Kohlberg is proud to have supported Alacrity’s transformation and growth over the last four years, as they solidified their position as the leading outsourced claims provider to personal lines insurers,” commented Christopher Anderson, Partner, Kohlberg & Company.  “In addition to completing three strategic acquisitions, we partnered with Jim to invest heavily into the sales, service and technology organizations which has further differentiated the business from its peers and served to greatly accelerate its organic growth profile. The Blackrock LTPC team brings deep relevant experience and alignment with Alacrity management’s vision, mission and strategy, and our firm is pleased to be partnering with them and looks forward to continuing to support Alacrity’s ongoing growth and future success.”

Alacrity Solutions is BlackRock LTPC’s seventh investment to date and its fifth investment in North America. BlackRock LTPC is an innovative private equity strategy focused on investing in high-quality businesses and value creation through active collaboration with management teams. The strategy's flexible duration and prudent approach to leverage preserve optionality for growth and help enable compounded capital appreciation. BlackRock LTPC's team of 23 professionals are based in New York and London and invest across North America and Western Europe.

Waller Helms Advisors acted as financial advisor to Alacrity Solutions.

Terms of the transaction were not disclosed.