Acquisition Further Expands Alacrity’s Footprint in Insurance Claims Management Industry
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.