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Letter to the Editor

Solera and GTCR to Acquire ADP Claims Services Group

Solera was formed by industry veteran Tony Aquila, in partnership with GTCR Golder Rauner, one of the nation's leading private equity firms with over $6 billion of committed capital.

With revenue in excess of $410 million, an expanding global network of approximately 50,000 customers, and approximately 2,000 associates across 26 countries, CSG is a global leader in providing integrated end-to-end claims processing solutions. The company's products cover all touch points from the time of an automobile accident to the resolution of associated claims. Its technology, products and services help insurance carriers, collision repair shops, and automotive recyclers automate their core business processes, streamline their workflows with industry partners, and manage and optimize their performance.

"We view this deal as the critical first step in achieving our long term objective of enabling our customers to increase their operational visibility and profitability through the use of better data analytics throughout the claims process," commented Tony Aquila, chief executive officer of Solera. "CSG's world class associates have consistently delivered industry leading products, supported by the industry's best customer service. Its solid pipeline of next generation solutions and services will further increase the value delivered to customers across the claims process."

"GTCR's investment in Solera is an excellent example of our strategy of partnering with an industry-leading executive and then pursuing platform acquisitions as a strategic buyer," commented GTCR Principal Philip Canfield. "We are committed to ensuring that the business continues to grow by continuing to invest in new product development and by bringing innovative and unique solutions to our customers."

"The ADP Claims Services Group represents the premium franchise in the industry with the largest global reach. It serves as the ideal platform for an integrated set of technology solutions and outsourced services, all designed to drive greater value and improved efficiencies for all participants in the claims process," added GTCR Principal Craig Bondy.

The transaction, which represents the largest acquisition in the automotive claims solutions industry to date, is subject to regulatory review and is expected to close within ninety days.

Based in San Diego, California, Solera is a consulting, outsourced services, and technology solutions company focused on the auto physical damage insurance claims processing industry.

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