Verisk, the Jersey City-based data analytics and technology provider to the global insurance industry, has entered into a definitive agreement to acquire AccuLynx for $2.35 billion, it announced Wednesday morning.
Verisk officials said the acquisition will help augment its network capabilities across the insurance claims and restoration ecosystem. AccuLynx is the leading SaaS platform providing end-to-end business management workflow for residential property contractors with expertise in roofing.
The transaction consideration is $2.35 billion in cash, which will be paid through fully committed debt financing in place and cash on hand. The transaction is expected to close by the end of the third quarter of 2025, subject to the satisfaction of customary closing conditions and regulatory approval.
The acquisition is expected to be additive to Verisk’s revenue growth and adjusted EBITDA margin, and accretive to adjusted EPS by year end 2026.
Verisk CEO Lee Shavel said the acquisition makes sense on many levels.
“AccuLynx is a natural fit and extension of the solutions we provide insurance carriers, adjustors and contractors through our Property Estimating Solutions business,” he said. “Together we have an incredible opportunity to enhance the network effect of these businesses and create significant value for all parties in the insurance claims and restoration ecosystem, from insurers to contractors and policyholders.”
More specifically, Verisk officials said it will add value in a number of ways, including:
- Expanding connectivity in the industry: Verisk and AccuLynx both play key roles within the insurance claims and restoration industry, and this acquisition will streamline workflow and enhance interactions between participants, extending the benefits to all in the network.
- Mission-critical SaaS platform: AccuLynx provides a full end-to-end solution, which is highly complementary to Verisk’s Property Estimating Solutions.
- Differentiated and rich datasets: AccuLynx’s roofing materials and labor datasets will augment analytics and benchmarking for insurers and contractors.
- Enhanced value creation through synergies: The acquisition will create opportunities for cross-sell, upsell and expanded data augmentation across complementary client bases that have a high degree of overlap.
AccuLynx aims to help residential property contractors streamline operations. Its cloud-based software platform sits at the center of roofing contractors’ workflow, addressing each critical stage, including lead generation, sales and CRM, virtual measurements, materials ordering, labor sourcing, payment processing and job management. Most of the company’s customers perform insurance-driven repairs and restoration.
Used and trusted by 80 percent of the top property insurance carriers, Verisk Property Estimating Solutions, part of Verisk’s claims solutions business, specializes in property insurance, remodeling and restoration for the global insurance industry. More seamlessly integrating the networks will remove manual work and improve information flow between carriers and contractors, delivering cost and time savings for both constituencies. Policyholders can benefit from quicker repairs due to workflow efficiency and cost savings driven by enhanced pricing data. According to Verisk data, more than a third of property insurance claim value is related to roofing materials.
“Roofs are one of the largest and most expensive home components, contributing to the resilience of the communities our clients serve,” Aaron Brunko, president, Verisk Property Estimating Solutions, said. “This acquisition enables us to further support this growing market, add value to an interconnected ecosystem and better support the active participants in the claims industry who help policyholders when they need it most.”
