Alacrity Solutions Group, LLC, an insurance claims management services company, on Wednesday announced the acquisition of Fort Worth-based Property Damage Appraisers.
Terms of the deal were not disclosed.
Founded in 1963, Property Damage Appraisers is an independent specialty and auto damage appraisal firm.
“PDA has a 60-year track record of providing top-tier services in the P&C insurance industry,” says Jim Pearl, CEO of Alacrity Solutions, in a statement. “Their experience, nationwide coverage, and reputation in the market made it clear they were the right fit for Alacrity Solutions as we continue to expand our end-to-end service line offerings to our clients. We are energized by the addition of new leadership, technology, and vision PDA brings to the Alacrity team and excited to enhance the position of Alacrity Solutions as one of the leading claims management providers in North America.”
PDA completes hundreds of thousands of auto, property, heavy equipment, over-the-road truck, specialty equipment, RV, boat, motorcycle, and other damage appraisals each year for insurance carriers and administrators, fleet managers, and other businesses through a nationwide team of field appraisers.
Says Tom Slimak, president and CEO of Property Damage Appraisers: “This acquisition marks an important milestone in PDA’s history. Our dedication to excellence, speed, and service since 1963 has earned us a solid reputation with our clients and with our deep roster of appraisal experts. Our team is excited to be an integral part of Alacrity’s end-to-end service line expansion and looks forward to a successful future together.”
The transaction with PDA is Alacrity’s 11th acquisition since 2015. Alacrity has a focused strategy of partnering with and acquiring exceptional new platform and strategic add-on businesses to better serve the insurance claims industry as a single source service provider.