Verisk, a global data analytics and technology provider to the global insurance industry, agreed July 30 to buy AccuLynx for $2.35 billion in cash to expand its network capabilities across the insurance claims and restoration sectors.
AccuLynx’s SaaS platform provides end-to-end business management workflow for residential property contractors with expertise in roofing.
The acquisition of Beloit, Wisc.-based AccuLynx is expected to be additive to Verisk’s revenue growth and adjusted EBITDA margin, and accretive to adjusted EPS by year end 2026.
Verisk and AccuLynx both play key roles within the insurance claims and restoration industry, and this acquisition will streamline workflow and enhance interactions between participants, extending the benefits to all in the network.
AccuLynx provides a full end-to-end solution, which is complementary to Verisk’s property estimating solutions. AccuLynx’s roofing materials and labor datasets will augment analytics and benchmarking for insurers and contractors. The acquisition will create opportunities for cross-sell, upsell and expanded data augmentation across complementary client bases that have a high degree of overlap.
In 2025, the roofing industry is projected to experience significant growth and consolidation trends. The roofing market in the U.S. was valued at $23.35 billion in 2023, with a slight growth rate of 6.6% from 2024 to 2032. There is a robust market for acquisitions, with private equity funds showing interest in the roofing sector. Consolidation may play a crucial role in the future of the roofing industry.
“AccuLynx is a natural fit and extension of the solutions we provide insurance carriers, adjustors and contractors through our Property Estimating Solutions business,” said Lee Shavel, president and CEO, Verisk. “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.”
AccuLynx’s cloud-based software platform is at the center of roofing contractors’ workflow, addressing each critical stage, including lead generation, sales and CRM, virtual measurements, materials ordering, labor sourcing, payment processing and job management. Most of the company’s customers perform insurance-driven repairs and restoration.
“Roofs are one of the largest and most expensive home components, contributing to the resilience of the communities our clients serve,” said Aaron Brunko, president, Verisk Property Estimating Solutions. “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.”
Verisk Property Estimating Solutions, part of Verisk’s claims solutions business, specializes in property insurance, remodeling and restoration for the global insurance industry. By integrating the networks, this will remove manual work and improve information flow between carriers and contractors, delivering cost and time savings for both constituencies. Policyholders can benefit from quicker repairs due to workflow efficiency and cost savings. Verisk data says more than a third of property insurance claim value is related to roofing materials.
“Many of our clients already know and trust Verisk to help them manage jobs efficiently and accurately,” AccuLynx CEO Mike Stein said. “Joining Verisk enables us to drive operational efficiency for the contractor and insurance industries and expand the value we provide.”
“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 20 years — we built something extraordinary,” said Richard Spanton, AccuLynx founder.
The transaction will be paid through fully committed debt financing in place and cash on hand. The transaction is expected to close by the end of the third quarter of 2025, subject to the closing conditions and regulatory approval.
Goldman Sachs & Co. LLC and PJT Partners are serving as financial advisers to Verisk, and Goldman Sachs Bank USA is acting as lead arranger on bridge financing in support of the transaction. Davis Polk & Wardwell LLP is acting as legal advisor to Verisk. William Blair is serving as financial adviser, and King & Spalding LLP is acting as legal advisor to AccuLynx.
