Acquisition Further Expands Alacrity’s Suite of Services in the P&C Insurance Industry
Fishers, IN – November 15, 2023 – Alacrity Solutions Group, LLC (“Alacrity Solutions”), a recognized leader in insurance claims management services in North America, today announced the acquisition of Cross Country Adjusting (“CCA”). Financial terms of the transaction were not disclosed.
CCA, founded in 2005 and based in Pageland, SC, provides residential and commercial property claims adjusting, with an expertise in claims resolution and quality. CCA offers a full suite of services including property claims management, field & desk adjusting, and TPA services through a national network of skilled adjusters.
“Since 2005, CCA has established an impressive reputation for premier service and continual innovation to meet customer needs. Their large network of experienced adjusters, nationwide coverage, and reputation in the market make CCA an ideal fit for Alacrity,” said Jim Pearl, CEO of Alacrity Solutions. “Looking forward, it is clear that the addition of CCA’s talented employees and their commitment to high quality claims service will directly support the growth initiatives of Alacrity and further enhance our position as a leading claims management provider in North America.”
Founder of CCA, William Currie, stated, “This acquisition marks an important milestone in CCA’s history. Our talented employees, adjusters and QA specialist’s dedication to excellence, accuracy, and superior service since 2005 has earned us a strong reputation with our clients. We look forward to continuing to deliver the highest quality claims services that our customers have come to expect from CCA and be an integral part of Alacrity’s end-to-end service line capabilities. We look forward to a successful future together.”
The transaction with CCA is Alacrity’s 15th 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.
Morgan Partners, LLC served as financial advisor to Cross Country Adjusting.
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, and casualty claims adjustment services; staffing solutions; temporary housing services; a nationwide managed repair network; and subrogation and recovery solutions to national and regional insurance companies, MGAs, TPAs, self-insured corporations, and clients in the federal/state government sector. BlackRock acquired a majority stake in Alacrity in 2023. For more information, please visit: www.alacritysolutions.com.
About Cross Country Adjusting
Founded in 2005 and based in Pageland, SC, CCA provides residential and commercial property claims adjusting, with an expertise in claims resolution and quality. CCA offers a full suite of services including property claims management, field & desk adjusting, and TPA services through a national network of skilled adjusters.
Chief Client Officer, Alacrity Solutions
Mergers and Acquisitions Contact:
Senior Vice President, Alacrity Solutions