Grey Mountain Partners has sold its portfolio company AQS Holdings, a provider of software to commercial property and casualty insurance carriers, to Insurity.
AQS Holdings provides commercial property and casualty insurance carriers with software used for policy administration. AQS’ products enable increased speed to market, reduced operational costs, improved business processes and compliance with state regulations. The company is based in Hartland, WI (www.aqssolutions.com).
Insurity provides policy administration, claims, billing, and analytics software to more than 100 companies operating in the property & casualty insurance market. The company is based in Hartford, CT (www.insurity.com).
Grey Mountain Partners invests in middle market companies with enterprise values between $30 million and $150 million. The firm invests up to $75 million in control acquisitions across a range of industries. Grey Mountain is currently investing from its second fund, Grey Mountain Partners Fund II, LP. The firm was founded in 2003 and is based in Boulder, CO (www.greymountain.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-8-13
