BlackRock, an American global investment management corporation based in New York City, completed the acquisition of a majority stake in Alacrity Solutions, a full end-to-end service provider that offers insurance claims, repair, and recovery solutions, from Kohlberg & Company, a private equity firm that focuses on leveraged buyout transactions. Financial terms were not disclosed. “We are thrilled to be partnering with BlackRock LTPC, and continuing our partnership with Kohlberg, for our next chapter of growth. BlackRock LTPC has an exceptional reputation as a collaborative partner to the management teams of its portfolio companies, and I am looking forward to working with them to expand the capabilities we provide to our valued clients. BlackRock LTPC is the ideal partner to accelerate Alacrity’s position as the preeminent platform for outsourced insurance claims solutions in North America given our shared vision and alignment. Likewise, Kohlberg has been a terrific partner for Alacrity over the last four years, having helped us execute on a number of strategic initiatives, including the expansion of our services across North America and continued technology innovation, and I am pleased to have Kohlberg’s continuing support," Jim Pearl, Alacrity Solutions CEO.