Verisk, a global data analytics and technology provider to the global insurance industry, has entered into a definitive agreement to acquire AccuLynx, an SaaS platform for roofing contractors, for $2.35 billion in cash. 

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. 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 satisfaction of customary closing conditions and regulatory approval.

“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 provides roofing contractors with a cloud-based software platform that addresses each stage of the workflow, 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.

Verisk Property Estimating Solutions, part of Verisk’s claims solutions business and used and trusted by 80% of property insurance carriers, specializes in property insurance, remodeling and restoration for the global insurance industry. Policyholders can benefit from quicker repairs due to workflow efficiency and cost savings driven by enhanced pricing data. According to Verisk data, 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," said AccuLynx CEO Mike Stein. "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.”

Strategic Rationale

Given that both AccuLynx and Versik play major roles in the insurance and restoration industry, multiple synergies emerge from the acquisition:

• AccuLynx provides a full end-to-end solution, which is highly 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.

“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.”

“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. “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," Spanton added.

Goldman Sachs & Co. LLC and PJT Partners are serving as financial advisors 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 advisor, and King & Spalding LLP is acting as legal advisor to AccuLynx.