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New Deal


Announced

Aquiline Capital Partners-backed CodeBlue to merge with MADSKY.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Private

Private Equity

Maintenance Repair and Overhaul (MRO)

Acquisition

Merger

Pending

building restoration

Friendly

Domestic

Single Bidder

Synopsis

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Aquiline Capital Partners-backed CodeBlue, a restoration claims management company, agreed to merge with MADSKY, a building restoration services provider. Financial terms were not disclosed. "Both CodeBlue and MADSKY utilize technology-enabled claims delivery models that benefit insureds, insurance carriers and contractors. We are excited to back Hunter, Paul and the combined leadership team as they further their market leadership in water mitigation and roofing while also entering compelling new areas where we will provide expertise and capital to support their growth," Jeff Greenberg, Aquiline Capital Partners Chairman and CEO.

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