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Latitude Subrogation Services Acquires Inspectionconnection

Jun 02, 2022•over 3 years ago

Acquiring Company

Latitude Subrogation Services (LSS)

Acquired Company

InspectionConnection (IC)

Professional ServicesFinancial ServicesCommerce And Shopping

Description

Latitude Subrogation Services, LLC (LSS), a subrogation services and solutions provider for insurers, self-insured entities, third-party administrators (TPAs), and specialty risk companies, is pleased to announce the company recently acquired Columbus, Ohio-based InspectionConnection, LLC (IC), a full-service appraisal company specializing in heavy equipment, such as construction vehicles, tractors and trailers, and farm machinery.

Company Information

Company

Latitude Subrogation Services (LSS)

About

Latitude Subrogation Services (LSS) is a national recovery company specializing in auto, property and worker's compensation claims. Using state of the art technology and a highly specialized work force, Latitude offers comprehensive subrogation and salvage administration services to meet customer’s current goals. For more information, please visit www.latitudesubro.com.

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