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JERSEY CITY - Verisk (NASDAQ:VRSK), a data analytics company with a market capitalization of $41.13 billion and impressive gross profit margins of 69%, has entered into a definitive agreement to acquire AccuLynx, a cloud-based business management platform for residential property contractors, for $2.35 billion in cash, the company announced Wednesday. According to InvestingPro analysis, Verisk maintains a "GOOD" financial health rating, positioning it well for this strategic acquisition.
The acquisition is expected to close by the end of the third quarter of 2025, subject to regulatory approval and other customary closing conditions. Verisk plans to finance the transaction through a combination of debt financing and cash on hand. The company’s moderate debt levels and strong current ratio of 1.27 suggest it has the financial flexibility to manage this acquisition effectively.
AccuLynx provides end-to-end business management workflow solutions primarily for roofing contractors, with its platform handling functions including lead generation, sales, virtual measurements, materials ordering, and job management. According to the company, 80 percent of top property insurance carriers use Verisk’s Property Estimating Solutions.
"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 of Verisk.
The acquisition aims to streamline workflow between insurance carriers and contractors by integrating their respective networks, potentially reducing manual work and improving information flow between parties.
Verisk expects the acquisition to contribute positively to its revenue growth and adjusted EBITDA margin, becoming accretive to adjusted earnings per share by the end of 2026. The company has demonstrated solid performance with a 7.2% revenue growth in the last twelve months. InvestingPro subscribers can access 12 additional key insights about Verisk’s growth potential and financial outlook in the comprehensive Pro Research Report, along with detailed valuation metrics and peer comparisons.
Mike Stein, CEO of AccuLynx, noted that many of their clients already use Verisk’s services, stating that joining forces would help "drive operational efficiency for the contractor and insurance industries."
According to data from Verisk, more than a third of property insurance claim value is related to roofing materials. The company believes the acquisition will enhance its ability to serve this market segment. With its strong return on assets of 20.17% and stable beta of 0.86, Verisk continues to demonstrate effective market positioning and operational efficiency. For deeper insights into Verisk’s valuation and growth metrics, investors can access the full analysis on InvestingPro, which includes exclusive financial health scores and Fair Value estimates.
Goldman Sachs & Co. LLC and PJT Partners are serving as financial advisors to Verisk for the transaction, while William Blair is advising AccuLynx, according to the press release statement.
In other recent news, Verisk reported impressive financial results for the first quarter of 2025, with earnings per share of $1.73, surpassing the anticipated $1.69. The company’s revenue also exceeded expectations, reaching $753 million compared to the forecasted $749.96 million. Additionally, Verisk announced a definitive agreement to acquire SuranceBay for $162.5 million in cash. This acquisition aims to integrate SuranceBay’s agency management software into Verisk’s existing platforms, enhancing workflow efficiency for various stakeholders in the life and annuity industry. In another significant development, the California Department of Insurance approved the Verisk Wildfire Model for insurance ratemaking. This approval marks the first time a catastrophe model has been evaluated under California’s new regulatory framework, allowing insurance carriers to incorporate wildfire risk assessments in their rate calculations. These recent developments reflect Verisk’s ongoing efforts to expand its capabilities and adapt to regulatory changes.
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