M&A Deal Summary

Carrier & Technology Solutions Acquires Candid Investigation Services

On May 11, 2015, Carrier & Technology Solutions acquired business services company Candid Investigation Services

Acquisition Highlights
  • This is Carrier & Technology Solutions’ 2nd transaction in the Business Services sector.
  • This is Carrier & Technology Solutions’ 9th transaction in the United States.
  • This is Carrier & Technology Solutions’ 1st transaction in New Mexico.

M&A Deal Summary

Date 2015-05-11
Target Candid Investigation Services
Sector Business Services
Buyer(s) Carrier & Technology Solutions
Deal Type Add-on Acquisition

Target

Candid Investigation Services

Albuquerque, New Mexico, United States
Candid Investigation Services LLC is a full-service private investigation (PI) firm serving individuals, law firms, industry & government agencies.

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Buyer(S) 1

Buyer

Carrier & Technology Solutions

Fort Lauderdale, Florida, United States

Category Company
Founded 2003
Sector Business Services
Employees1,145
Revenue 210M USD (2015)
DESCRIPTION

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.


DEAL STATS #
Overall 10 of 17
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 8 of 14
State (New Mexico) 1 of 1
Country (United States) 9 of 15
Year (2015) 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-24 Corporate Claims Management

Chesterfield, Missouri, United States

Corporate Claims Management, Inc. is a provider of risk management community with custom-tailored, high-quality claims administration services and risk management information systems designed to the unique specfications of each of our clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 Brandywine Insurance Advisors

Devon, Pennsylvania, United States

Brandywine Insurance Advisors LLC is a specialty insurance brokerage focusing on the construction industry.

Buy $4M