Alacrity Options acquires Property Injury Appraisers
Insurance coverage claims administration providers supplier Alacrity Options Group has introduced the acquisition of Property Injury Appraisers (PDA).
Monetary phrases of the transaction haven't been divulged.
The newest transaction is Alacrity’s eleventh acquisition since 2015.
For the deal, Waller Helms Advisors acted as monetary advisor to Property Injury Appraisers.
The acquisition is in keeping with Alacrity’s technique to companion with and purchase strategic add-on companies to develop into a number one insurance coverage claims service supplier in North America.
Alacrity Options CEO Jim Pearl mentioned: “PDA has a 60-year monitor report of offering top-tier providers within the P&C insurance coverage trade.
“Their expertise, nationwide protection, and repute out there made it clear they had been the proper match for Alacrity Options as we proceed to broaden our end-to-end service line choices to our shoppers.”
PDA, based in 1963, is an impartial specialty and auto harm appraisal agency within the US.
Headquartered in Fort Value, Texas, the corporate’s key providers embody assured same-day service utilizing each expertise and human experience.
By means of subject appraisers, the agency performs auto, property, heavy gear, over-the-road truck, specialty gear, RV, boat, motorbike, and different harm value determinations for insurance coverage carriers, directors and different companies.
PDA president and CEO Tom Slimak mentioned, “This acquisition marks an vital milestone in PDA’s historical past. Our dedication to excellence, pace, and repair since 1963 has earned us a strong repute with our shoppers and with our deep roster of appraisal specialists.
“Our staff is worked up to be an integral a part of Alacrity’s end-to-end service line enlargement and appears ahead to a profitable future collectively.”
Indiana-based Alacrity Options affords property, auto, casualty claims adjustment providers, staffing options, nationwide managed restore community to insurance coverage corporations, MGAs, TPAs, and others.