Fishers-based Worley Claims Services has announced its acquisition of Oregon-headquartered Alacrity Renovation Services from Lowe’s Companies, Inc. Financial terms of the transaction were not disclosed.
“Alacrity’s leadership and highly skilled employees have established a reputation in the industry for delivering outstanding services to their clients. Alacrity’s ability to manage complex projects with a keen focus on customer satisfaction has set the standard in the growing managed repair sector,” said Jim Pearl, chief executive officer of Worley in a news release. “This acquisition expands Worley’s position as one of the largest providers of managed repair services in the property insurance market and aligns with our long-term strategy to continue making investments and strategic partnerships that will allow us to be a more comprehensive service provider capable of meeting the needs of our clients throughout the claim lifecycle.”
In 2016, Worley entered the managed repair services market with the acquisition of Nexxus Solutions Group. Earlier thid year it further expanded, acquiring Dallas-based content services company Replacement Source of America.
The transaction with Alacrity is Worley’s eighth acquisition since 2015.