Enlyte Completes Acquisition of PartsTrader
Investment strengthens PartsTrader's open procurement platform across the collision repair ecosystem
The acquisition unites two complementary businesses within Enlyte's Auto Physical Damage portfolio. PartsTrader will be a wholly owned subsidiary of Enlyte and continue to operate as an independent entity alongside
"Today Enlyte takes a major step in our ongoing commitment to provide the auto physical damage claims and collision repair industries with comprehensive, innovative solutions designed to improve outcomes," said
Based in
"PartsTrader has been long committed to providing measurable outcomes for repairers, insurers and suppliers," said Lindner. "We look forward to working with Enlyte in shaping the future of collision repair together."
Raymond James & Associates and Goldman Sachs & Co. LLC served as financial advisors to Enlyte, and Kirkland & Ellis LLP and Quigg Partners served as legal counsel.
The financial terms of the transaction are not being disclosed.
About Enlyte
Enlyte is a P&C industry leader providing claims technology innovations and connectivity solutions, specialty networks, case management, pharmacy benefit and disability management services. Serving over 2,000 entities, including a majority of Fortune 500 employers, Enlyte leverages its portfolio of solutions to simplify processes and improve outcomes for auto, workers' compensation and disability claims.
About
Mitchell International, Inc. is a leader in the development of innovative auto physical damage technology solutions. Combining decades of experience with an open platform, proprietary data and intelligent, cloud-first applications, we help insurance carriers, collision repairers and vehicle manufacturers protect dreams and restore lives. Each day, more than 20,000 organizations rely on
About PartsTrader
As the world's leading parts procurement marketplace, PartsTrader brings together repair shops, parts suppliers, and insurance carriers on one efficient, market-driven platform. PartsTrader helps repair shops make more accurate decisions regarding part-type, price, and availability. Suppliers can quickly grow their market presence and instantly reach thousands of new shops while improving the way they serve their current customers. Insurance carriers gain transparency into the parts procurement process and access to valuable market data, allowing them to increase accuracy and efficiency on every claim. PartsTrader, LLC, based in
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SOURCE Enlyte
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