Solera, Inc. and GTCR Golder Rauner, a private equity firm, announced that they have completed the acquisition of the Claims Services Group (CSG) from Automatic Data Processing, Inc. for $975 million in cash. In the deal, Solera acquired operating companies that employ over 2,000 associates in 31 countries, generate over $410 million in annual revenue, […]
ADP Sells Claims Services Business to Solera
Automatic Data Processing and Solera officially announced that the two companies have entered into a definitive agreement for ADP to sell its Claims Services business (CSG) to Solera, Inc. for $975 million in cash. Solera was formed by Tony Aquila, in partnership with a private equity firm, GTCR Golder Rauner. Aquila was formerly the President […]