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Cadex Solutions Corporation acquires Insurance Recovery Group (IRG) to strengthen insurance subrogation capabilities

Nov 12, 2024•about 1 year ago

Acquiring Company

Cadex Solutions Corporation

Acquired Company

Insurance Recovery Group (IRG)

New YorkMarlboroughInsuranceEmployee BenefitsFinancial Services

Description

Cadex Solutions Corporation, in partnership with Trivest Partners LP, has successfully completed the acquisition of Insurance Recovery Group (IRG) and its subsidiary, Insurance Subrogation Group (ISG). This strategic move expands upon Cadex’s foundational insurance subrogation capabilities and reinforces its commitment to being a premier provider of commercial order-to-cash management solutions.

Company Information

Company

Cadex Solutions Corporation

Location

New York, New York, United States

About

Cadex Solutions Corporation is building the premier provider of commercial order-to-cash management solutions. By combining the power of people with cutting-edge technology, Cadex reduces the complexity of the life cycle between order placement and payment processing for clients worldwide. Cadex leverages its proprietary technology and 200+ years of combined experience to deliver efficient and effective custom solutions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed