Add-on Acquisition • Information Technology

Carrier & Technology Solutions Acquires InsureLinx

On June 18, 2015, Carrier & Technology Solutions acquired information technology company InsureLinx

Acquisition Context
  • This is Carrier & Technology Solutions’ 1st transaction in the Information Technology sector.
  • This is Carrier & Technology Solutions’ 11th transaction in the United States.
  • This is Carrier & Technology Solutions’ 3rd transaction in Florida.

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M&A Deal Summary

Date June 18, 2015
Target InsureLinx
Sector Information Technology
Buyer(s) Carrier & Technology Solutions
Deal Type Add-on Acquisition

Target Company

InsureLinx

Sarasota, Florida, United States
InsureLinx, Inc. is a provider of technology services for workers' compensation administration and insurance premium billing.
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Buyer Overview 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 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. Carrier & Technology Solutions was founded in 2003 and is based in Fort Lauderdale, Florida.


Deal Context for Buyer #
Overall 13 of 17
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 10 of 14
State: Florida 3 of 4
Country: United States 11 of 15
Year: 2015 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Infinity Insurance Solutions

London, United Kingdom

Infinity Insurance Solutions is a provider of workers' compensation, general liability and property and casualty insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-09 CWIBenefits

Greenville, South Carolina, United States

CWIBenefits, Inc. is a provider of benefits administration for clients with self-funded health and welfare plans nationwide.

Buy -