Cars Protection Plus
Provider of vehicle service contracts
VIP Insurance Housing Options
Transaction Snapshot:
Service Type:
Sell-Side Advisory
Industry:
Business Services
Ownership:
Founder Owned
Location:
Pennsylvania
Buyer Type:
Strategic (Private Equity-Backed)
Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to VIP Insurance Housing Options, Inc. (“VIP”) with respect to its sale to Alacrity Solutions (“Alacrity”), a portfolio company of BlackRock (NYS: BLK) through its Long Term Private Capital strategy. Terms of the transaction were not disclosed.
VIP is a leading provider of temporary furnished housing & relocation for insurance policyholders displaced from their homes into custom-fit, like kind & quality, tastefully furnished and accessorized housing options. The company is headquartered in Murrysville, Pennsylvania.
Alacrity Solutions, based in Fishers, Indiana, is one of the largest independent providers of insurance claims management services in North America. Alacrity provides property, auto, and casualty claims adjustment services, staffing solutions, as well as temporary housing services and a nationwide managed repair network to national and regional insurance companies, MGAs, TPAs, self-insured corporations, and clients in the federal/state government sector.
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