Carrier & Technology Solutions - M&A Summary, Ownership, and Business Overview

Business ServicesCompany

Carrier & Technology Solutions M&A Summary

Carrier & Technology Solutions has acquired 17 companies of its own. It has also divested 1 asset.

Carrier & Technology Solutions’ largest acquisition to date was in 2015, when it acquired Global HR Research for $24M. It’s largest disclosed sale occurred in 2017, when it sold Global HR Research to Renovo Capital for $30M. Carrier & Technology Solutions has acquired in 10 different US states, and 3 countries. The Company’s most targeted sectors include insurance (65%) and business services (18%).

Carrier & Technology Solutions Ownership

Who owns Carrier & Technology Solutions?

Carrier & Technology Solutions is owned by Cerberus Capital Management. It was acquired on November 28, 2017.

Is Carrier & Technology Solutions PE-backed?

Yes. Carrier & Technology Solutions is owned by private equity investor Cerberus Capital Management.

Carrier & Technology Solutions Business Overview

Where is Carrier & Technology Solutions headquartered?

Carrier & Technology Solutions is headquartered in Fort Lauderdale, Florida.

What is Carrier & Technology Solutions’ revenue?

Carrier & Technology Solutions disclosed revenue of 210M USD for 2015 and 117M USD for 2014.

How many employees does Carrier & Technology Solutions have?

Carrier & Technology Solutions has 1,145 employees.

What sector is Carrier & Technology Solutions in?

Carrier & Technology Solutions is a business services company.

When was Carrier & Technology Solutions founded?

Carrier & Technology Solutions was founded in 2003.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity17
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4

Carrier & Technology Solutions

Carrier & Technology Solutions, LLC

401 East Las Olas Boulevard, Suite 1650,
Fort Lauderdale, Florida 33301
United States,
(954) 670-2900
www.ctsholdings.com

Carrier & Technology Solutions (CTS) is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. CTS provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. CTS is headquartered in Fort Lauderdale, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 17 - - - - - 17
vol $42M $42M
Sell (0.0/yr) # 1 - - - - - 1
vol $30M $30M
  18

Most Recent M&A

Company Date Value Type
Global HR Research LLC 2017-04-04 30M USD Divestiture
Fort Myers, Florida · www.ghrr.com
Mid Atlantic Insurance Services 2016-01-28 - Add-on Acquisition
Richmond, Virginia · www.midatlanticins.com
R.C.A. Insurance Group 2015-08-17 - Add-on Acquisition
Clifton, New Jersey · www.rca-insurance.com
Global HR Research LLC 2015-07-21 24M USD Add-on Acquisition
Fort Myers, Florida · www.ghrr.com
CWIBenefits, Inc. 2015-07-09 - Add-on Acquisition
Greenville, South Carolina · www.cwibenefits.com
InsureLinx, Inc. 2015-06-18 - Add-on Acquisition
Sarasota, Florida · www.insurelinx.com
Infinity Insurance Solutions 2015-06-03 - Divestiture
London, United Kingdom · www.infinityinsurance.co.uk
Brandywine Insurance Advisors LLC 2015-05-26 4M USD Add-on Acquisition
Devon, Pennsylvania · www.brandywineinsure.com
Candid Investigation Services LLC 2015-05-11 - Add-on Acquisition
Albuquerque, New Mexico · www.candidllc.com
Corporate Claims Management, Inc. 2015-04-24 - Add-on Acquisition
Chesterfield, Missouri · www.corporateclaims.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 11 (65%) 18M (42%) - -
Business Services 3 (18%) 24M (58%) 1 (100%) 30M (100%)
Software 2 (12%) - - -
Information Technology 1 (6%) - - -
Total 17 $42M 1 $30M

By Geo

State/Country Buy Value Sell Value
United States 15 42M 1 30M
  Florida 4 24M 1 30M
  Pennsylvania 2 18M - -
  California 2 - - -
  Virginia 1 - - -
  South Carolina 1 - - -
  New Mexico 1 - - -
  New Jersey 1 - - -
  Missouri 1 - - -
  Illinois 1 - - -
India 1 - - -
United Kingdom 1 - - -
Domestic 15 (88%) 42M (100%) 1 (100%) 30M (100%)
Cross-border 2 (12%) - - -
Total 17 $42M 1 $30M

Deal Values

buy # Total
< $100M 3 $42M
TOTAL $42M
Largest Global HR Research LLC
$24M (2015-07-21)
sell # Total
< $100M 1 $30M
TOTAL $30M
Largest Global HR Research LLC
$30M (2017-04-04)

M&A Connections

Deals
Acquired from
Strategic(s)
18%
3 (18%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Business Services

Revenue

210   80% 2015
117   109% 2014
56   2013
(millions of USD)

Employees

1,145

Established

2003

Former Name

Patriot National, Inc.

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