Verisk to acquire AccuLynx for $2.35bn

Verisk, a data analytics and technology provider to the insurance and energy industries, has entered into a definitive agreement to acquire AccuLynx, a SaaS platform providing end-to-end business management workflow for residential property contractors with expertise in roofing, for $2.35 billion in cash, expected to close by the end of the third quarter of 2025.

The acquisition aims to augment Verisk’s network capabilities across the insurance claims and restoration ecosystem, and add to its revenue growth and adjusted EBITDA margin, and be accretive to adjusted EPS by year-end 2026.

The transaction will be paid through fully committed debt financing in place and cash on hand, and is subject to the satisfaction of customary closing conditions and regulatory approval.

AccuLynx provides a full end-to-end solution, which is highly complementary to Verisk’s Property Estimating Solutions. AccuLynx’s roofing materials and labour datasets will augment analytics and benchmarking for insurers and contractors.

The pair play key roles within the insurance claims and restoration industry, and this acquisition aims to streamline workflow, and enhance interactions between participants, extending the benefits to all in the network.

AccuLynx’s platform sits at the centre of roofing contractors’ workflow, addressing each critical stage. Most of the firm’s customers perform insurance-driven repairs and restoration.

Verisk Property Estimating Solutions, part of Verisk’s claims solutions business, specialises in property insurance, remodelling and restoration for the global insurance industry. According to Verisk data, more than a third of property insurance claim value is related to roofing materials.

The acquisition aims to create opportunities for cross-selling, upselling, and expanded data augmentation across complementary client bases that have a high degree of overlap.

Lee Shavel, President and Chief Executive Officer (CEO), Verisk, commented, “AccuLynx is a natural fit and extension of the solutions we provide insurance carriers, adjustors and contractors through our Property Estimating Solutions business. 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.”

Aaron Brunko, President, Verisk Property Estimating Solutions, added, “Roofs are one of the largest and most expensive home components, contributing to the resilience of the communities our clients serve. 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.”

Mike Stein, CEO, AccuLynx, said, “Many of our clients already know and trust Verisk to help them manage jobs efficiently and accurately. Joining Verisk enables us to drive operational efficiency for the contractor and insurance industries and expand the value we provide. We’re thrilled to join the Verisk team and look forward to advancing our shared goals of helping our clients grow their businesses by streamlining their workflows so they can better serve their customers.”

Richard Spanton, Founder, AccuLynx, added, “The roofing industry needed a modern, complete business management platform designed by roofers, for roofers. With a team of incredibly loyal people, many of whom have been with us for 20 years, we built something extraordinary.

“I’m incredibly proud of what we’ve created and excited to see AccuLynx join Verisk. The synergies are undeniable, especially between AccuLynx and Xactimate, a tool I relied on heavily from day one. I always envisioned them working together. Now they will.”

Verisk’s financial advisors are Goldman Sachs & Co. LLC and PJT Partners, while Goldman Sachs Bank USA is acting as lead arranger on bridge financing in support of the transaction.

Verisk’s legal advisor is Davis Polk & Wardwell LLP; meanwhile, William Blair is serving as financial advisor, and King & Spalding LLP is acting as legal advisor to AccuLynx.

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