Announced
Completed
Financials
Sources
Tags
insurance technology
Majority
Single Bidder
Private Equity
Friendly
Domestic
Private
Full Line Insurance
Completed
United States
Acquisition
Synopsis
GTCR, a private equity firm, completed the acquisition of Global Claims Services, an insurance technology company that leverages its proprietary databases and custom applications to provide critical cost containment solutions to the P&C insurance industry. Financial terms were not disclosed. "Bob and the GCS team have developed and scaled a number of unique technologies that have become mission critical tools in the insurance industry. We look forward to being partners with the GCS team and accelerating their growth through acquisitions," Aaron Cohen, GTCR Managing Director.
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