Alacrity Solutions Group, LLC (“Alacrity Solutions”), a recognized leader in providing insurance claims management services in North America, today announced the acquisition of Spartan Recoveries LLC (“Spartan”). Founded in 2010, Spartan is a leading, tech-enabled provider of independent subrogation solutions to the property and casualty industry. The company’s tools and strategies enable the review of large quantities of data to quickly determine where recovery opportunities exist and lead to shorter recovery cycle-times, reduced expenses and a significant increase in net recoveries for clients.
Kathleen J. Smith, Managing Director of Spartan stated, “We are delighted to become part of Alacrity, and look forward to continuing the innovation that has allowed Spartan to be successful over the last 13 years. Combining Spartan's talent and portfolio with Alacrity allows us to expand our capabilities to help bring our subrogation solutions to more clients, while helping current clients get the most out of the combined platform. We look forward to realizing the immense value this partnership stands to create for our customers, employees and partners.”
Waller Helms Advisors acted as exclusive financial advisor to Spartan Recoveries in this transaction.