Insurcomm Announces Growth Equity Investment from Summit Partners

Facebook
Twitter
LinkedIn

Insurcomm, Inc. (“the Company” or “Insurcomm”), a rapidly growing provider of commercial and residential restoration services, today announced a majority growth investment from Summit Partners. Summit’s investment will support Insurcomm’s national expansion strategy as the Company continues its mission to deliver the highest quality service to commercial clients, residential customers, and municipalities navigating property loss events.

Insurcomm stands as one of the fastest-growing restoration services providers in the United States, propelled by a unique operating model and supported by a winning culture. The Company offers a comprehensive range of property damage restoration services, including fire and water damage cleanup, mold remediation, asbestos and biohazard removal, as well as reconstruction services to customers nationally. Serving as a single point of contact, Insurcomm supports its clients every step of the way through the complexities of property loss.

“When disaster strikes, our mission is to serve our clients with a deep sense of professionalism and dignity, ensuring timely and end-to-end solutions,” said Doug Indelicato, CEO of Insurcomm. “Partnering with Summit will help Insurcomm enter a new and expanded era of growth, allowing us to scale our impact and drive value for property owners and insurers. Together, we aim to set new standards in the restoration market, with a focus on partnering with like-minded operators who share our mission, and further cementing Insurcomm’s position as an industry leader.”

Summit’s investment comes at a time of strategic inflection for Insurcomm, as the Company seeks to scale its team, expand its operations, and acquire other providers who share a culture of excellence. Insurcomm has experienced accelerated growth over the past five years through the expansion of its geographic coverage and securing General Services Administration (GSA) Multiple Award Schedule (MAS) status for emergency response for all federal government agencies. Insurcomm has extensive experience across thousands of loss events, ranging from day-to-day emergency responses to major catastrophic events. The Insurcomm team has built deep and trusted relationships with property owners and insurers, fueling strong growth in market share.

“Against the backdrop of a highly fragmented restoration market with secular tailwinds, Insurcomm has developed an impressive delivery model that has helped the Company to grow rapidly and profitably,” said Matt Hamilton, a Managing Director at Summit Partners who has joined the Company’s Board of Directors. “We are thrilled to join forces with Doug and the entire Insurcomm team and to support the Company’s expansion plan.”

“We believe Insurcomm’s strong organic growth is a testament to the culture of excellence that the Company has created and their commitment to serving all stakeholders in property loss events,” added Andy Lee, Vice President at Summit Partners who has also joined the Company’s Board of Directors.

Harris Williams served as financial advisor to Summit Partners, and Latham & Watkins served as legal advisor.

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
Latest Posts
Most Popular

Hey there! We're glad you're here!

This content is only available for subscribers. Please enter your email below to verify your subscription.

Don't worry! If you are not a subscriber, simply enter your email below and fill out the information on the next page to subscribe for FREE!

Back to homepage