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Verisk, a global data analytics and technology provider to the insurance industry, announced July 30 it entered into a definitive agreement to acquire AccuLynx for $2.35 billion in cash. 

AccuLynx is an SaaS platform that offers business management workflow solutions for residential property contractors specializing in roofing. Most of its customers perform insurance-driven repairs and restoration, the Jersey City-based buyer added. 

The deal is expected to close by the end of the third quarter of 2025, subject to customary approvals. Further, 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.  

AccuLynx has offices in Beloit, Wis., and Chicago, according to its website. 

Because both companies operate within the insurance claims and restoration industry, the acquisition “will streamline workflow and enhance interactions between participants,” Verisk noted.

Part of its claims solutions business, Verisk Property Estimating Solutions specializes in property insurance, remodeling and restoration for the insurance industry worldwide.

‘Natural fit’

“AccuLynx is a natural fit and extension of the solutions we provide insurance carriers, adjustors and contractors through our Property Estimating Solutions business,” Verisk President and CEO Lee Shavel said in a statement. 

“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,” Shavel added. 

Saying most of its clients already know and trust Verisk, AccuLynx CEO Mike Stein added, “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, AccuLynx founder, said, “The roofing industry needed a modern, complete business management platform designed by roofers, for roofers. … I’m incredibly proud of what we’ve created and excited to see AccuLynx join Verisk.” 

Goldman Sachs & Co. LLC and PJT Partners serve as financial advisors to Verisk, and Goldman Sachs Bank USA is acting as lead arranger on bridge financing. Davis Polk & Wardwell LLP is legal advisor to Verisk. For AccuLynx, William Blair is serving as financial advisor, and King & Spalding LLP is acting as legal advisor.