Trive Capital (“Trive”), the Dallas-based private equity firm, is excited to announce its recent investment in Allcat Claims Service (“Allcat”). Founded in 2000 and headquartered in San Antonio, Texas, Allcat is a leading tech-enabled provider of outsourced end-to-end claim solutions for insurance carriers across the United States. Employing a partnership-like approach, Allcat provides nationwide claims adjusting, technology, and other related services to insurance carriers.
Blake Bonner, Partner at Trive Capital, commented, “Allcat has built a strong reputation in the insurance industry for providing high quality claims adjusting services. We are excited to partner with Allcat and look forward to providing capital and resources to further enable the company’s growth.”
Allcat CEO, Bart Hutton stated, “We are excited to partner with Trive and Valedor in our next stage of growth. Our success has been a result of our keen focus in providing quality service to our customers through a collaborative approach. With our partnership with Trive and Valedor, we look forward to further strengthening our position in the market.”
Valedor Partners, a private investment firm, will be partnering alongside Trive Capital and Allcat in the transaction.
BofA Securities acted as exclusive financial advisor to Allcat Claims Service. Waller Helms Advisors, LLC served as financial advisor to Trive Capital.