Transactions

Alacrity Solutions Greatly Expands Suite of Services with Acquisition of Property Damage Appraisers, Inc.

Alacrity Solutions Group, LLC (“Alacrity Solutions”), a recognized leader in providing insurance claims management services in North America, today announced the acquisition of Property Damage Appraisers (“PDA”). Financial terms of the transaction were not disclosed.

Founded in 1963, PDA has established itself as the leading independent specialty and auto damage appraisal firm in the United States. PDA provides exceptional quality services across the United States, including guaranteed same-day service, using a combination of technology and human expertise. 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. PDA’s corporate headquarters are located in Fort Worth, Texas.

Tom Slimak, President and CEO of PDA stated, “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.

Waller Helms Advisors served as exclusive financial advisor to PDA.