Acquisition agreement finalized: Verisk takes over AccuLynx
In a significant move, Verisk, a leading strategic data analytics and technology partner to the global insurance industry, has agreed to acquire AccuLynx for $2.35 billion in cash. The deal, expected to close by the end of the third quarter of 2025, subject to certain conditions and regulatory approval, aims to create a more connected, data-rich, and AI-enhanced insurance claims and restoration ecosystem.
AccuLynx, a leading SaaS platform providing end-to-end business management workflow for residential property contractors, specializing in roofing, has been a key player in the insurance claims and restoration industry. Many of its team members have been with the company for over two decades.
AccuLynx's cloud-based software platform addresses each critical stage of a roofing contractor's workflow, including lead generation, sales and CRM, virtual measurements, materials ordering, labor sourcing, payment processing, and job management. This comprehensive platform complements Verisk's existing Property Estimating Solutions, which specialize in property insurance, remodeling, and restoration for the global insurance industry.
The strategic value of this acquisition lies in expanding and strengthening Verisk's insurance claims and restoration ecosystem. By integrating AccuLynx's technology and customer base, Verisk aims to streamline interactions among insurance claims participants and residential property contractors, particularly in roofing. This integration will enhance workflow connectivity, integrate mission-critical SaaS solutions, and enrich data analytics.
The combination of Verisk's analytics with AccuLynx's SaaS platform improves collaboration across insurers, contractors, and restoration firms, which enhances speed and accuracy in claims processing and restoration workflows. AccuLynx's comprehensive SaaS platform, which manages everything from lead generation to invoicing for roofing contractors, brings differentiated roofing materials and labor data that augment Verisk’s analytics.
The acquisition supports leveraging AI-driven tools to improve risk modeling, reduce manual tasks, and boost operational efficiency across the ecosystem. AccuLynx's platform was built by roofers for roofers, as stated by Richard Spanton, AccuLynx's founder. Over a third of property insurance claim value is related to roofing materials, making AccuLynx's expertise in this area particularly valuable.
The deal is expected to be accretive to adjusted earnings per share by the end of 2026, while driving revenue growth and margin expansion for Verisk. This signals strong financial and operational benefits from integrating AccuLynx's technology and customer base. Verisk management will discuss the transaction on its second quarter earnings call today, and access to the call and accompanying presentation materials can be found on the Verisk investor website.
Verisk, which fosters an inclusive culture and has been certified as a Great Place to Work, sees this acquisition as a strategic positioning for future trends. By integrating AI-enabled platforms and enhancing data connectivity amid growing pressures from climate risks and technology disruption, Verisk positions itself as a leader shaping the future of insurance claims and restoration management.
William Blair and King & Spalding LLP are acting as financial advisor and legal advisor to AccuLynx, respectively, while Davis Polk & Wardwell LLP is acting as legal advisor to Verisk. Most of AccuLynx's customers perform insurance-driven repairs and restoration.
In summary, Verisk’s acquisition of AccuLynx strategically builds a more connected, data-rich, and AI-enhanced insurance claims and restoration ecosystem with operational synergies and a strong financial growth outlook.
- The acquisition of AccuLynx by Verisk, a significant move in the global insurance industry, aims to create a connected and AI-enhanced insurance claims and restoration ecosystem.
- AccuLynx's comprehensive SaaS platform, built by roofers for roofers, brings differentiated roofing materials and labor data that augment Verisk’s analytics.
- The deal is expected to be accretive to adjusted earnings per share by the end of 2026, while driving revenue growth and margin expansion for Verisk.
- In the face of growing pressures from climate risks and technology disruption, Verisk positions itself as a leader shaping the future of insurance claims and restoration management.
- The strategic value of this acquisition lies in expanding and strengthening Verisk's insurance claims and restoration ecosystem, particularly in roofing, a sector where over a third of property insurance claim value is related to roofing materials.