#USA #BV Investment #Eugene, Oregon #Altimeter Solutions #Alacrity Network

Alacrity Solutions Transitions to Altimeter Solutions Group

In a significant development within the insurance services industry, Alacrity Network Solutions, the Managed Repair Division of Alacrity Solutions, has rebranded itself as Altimeter Solutions Group. This transformation follows a strategic investment by BV Investment Partners, a notable private equity firm renowned for its expertise in insurance services. The rebranding signifies a new chapter for the company as it becomes an independent entity, focused on advancing the managed repair experience for all involved parties.

A New Identity and Mission

With this shift to Altimeter Solutions Group, the company aims to enhance its service delivery to carriers, contractors, and policyholders alike. The new name reflects its mission to elevate the managed repair process, ensuring a smoother experience for all stakeholders involved in property claims. Altimeter Solutions Group has been a prominent player in the managed repair industry for over 25 years, showcasing a solid operational history and a robust network that underscores its credibility.

The transaction allows Altimeter to pursue a distinct growth strategy as a standalone organization, devoid of the constraints that often accompany larger corporate structures. The leadership team under CEO Jonathan Miko is committed to investing in contractor networks, technology, and service capabilities, ensuring that existing client relationships and processes remain unaffected during this transition.

Commitment to Stability and Quality

One of the key messages from Altimeter Solutions Group is the assurance of stability and continuity. The company has expressed that there will be no disruptions in service, workflows, or key points of contact during the rebranding process. Altimeter is keen on maintaining its current staffing and leadership, emphasizing that the mission and integrity of the organization will remain intact.

Jonathan Miko stated, "Our leadership team, our people, and our mission will remain unchanged. We are excited about this next chapter and the opportunity to continue building on the strong foundation established over the past 25 years, while remaining fully focused on delivering consistent, high-quality service to our carrier partners, contractors, and policyholders."

This continuity is crucial in an industry where trust and reliability form the bedrock of business operations. The firm is taking every step to ensure that the transition is seamless for its clients, thereby fostering a stable environment for both current and future relationships.

Support from BV Investment Partners

The partnership with BV Investment Partners marks a critical turning point for Altimeter Solutions Group. Stephen Marquardt, a Partner at BV, expressed enthusiasm about working with the leadership team and recognizes the potential for Altimeter to further enhance the managed repair experience. “Altimeter Solutions Group represents an instance where everyone involved in resolving a property claim — carriers, contractors, and homeowners — benefits,” he noted. This partnership is expected to provide not only financial support but also strategic guidance that can pave the way for future operational improvements and expansions.

Looking Ahead

As Altimeter Solutions Group sets its sights on future growth, it plans to maintain a collaborative partnership with Alacrity Solutions, ensuring that client experiences remain seamless. This approach highlights the company’s commitment to providing a high level of service while exploring innovative solutions that benefit all stakeholders involved in the managed repair network.

In conclusion, the rebranding of Alacrity's Managed Repair Division to Altimeter Solutions Group underlines a crucial evolution in its operational trajectory. With a solid foundation and strategic backing, Altimeter is poised to enhance the managed repair experience and cater to the evolving needs of its partners and clients in the insurance landscape. As the company embarks on this new journey, its commitment to quality service and stakeholder integration remains the top priority.