BV Investment Partners has acquired the Managed Repair Program division of Alacrity Solutions and rebranded the business as Altimeter Solutions Group, launching a standalone platform focused on property-insurance managed repair. The transaction is the first investment from BV’s $2.465 billion Fund XII, with capital also coming from BV Funds XI and XII, and was completed in partnership with Altimeter’s existing leadership team.
Altimeter positions itself as a tech-enabled, end-to-end managed repair platform designed to help insurance carriers restore damaged properties faster and with more predictable outcomes, while improving control over cost, quality, and the policyholder experience. The company said it combines proprietary job management technology, claims triage capabilities, and a vetted national network of licensed and insured contractors to manage the full repair lifecycle—from loss assessment and contractor assignment through restoration completion and quality assurance.
Jonathan Miko, CEO of Altimeter Solutions Group, said the partnership with BV will support a growth strategy centered on scaling the company’s technology-enabled platform, deepening carrier relationships, and expanding capabilities across core and adjacent service areas. He added that the company will prioritize continued product innovation and selective M&A to strengthen customer partnerships by expanding services and improving outcomes.
Stephen Marquardt, a partner at BV Investment Partners, said the firm sees an opportunity to accelerate Altimeter’s growth by continuing to invest in technology, operational execution, and strategic acquisitions. He said Altimeter operates at the intersection of technology, data, and insurance workflows, positioning it to become a differentiated partner to carriers navigating more complex claims environments.
Support: Ropes & Gray served as legal counsel to BV and Piper Sandler acted as its financial advisor. Alacrity Solutions was advised by Dentons as legal counsel and Evercore as financial advisor.
KEY QUOTES:
“I am thrilled to be partnering with BV Investment Partners on this transaction. With the support of BV’s financial and strategic resources, Altimeter is exceptionally well positioned to pursue a growth strategy focused on scaling our technology-enabled platform, deepening relationships with our carrier partners, and expanding our capabilities across core and adjacent service areas. Our focus will be on continued product innovation and selective M&A that further strengthens trusted customer partnerships through expanded services and enhanced outcomes.”
Jonathan Miko, Chief Executive Officer, Altimeter Solutions Group
“We are excited to partner with Jon and the entire Altimeter leadership team as they build a leading managed repair platform. Altimeter operates at the intersection of technology, data, and critical insurance workflows, and we see significant opportunity to accelerate growth through continued investment in technology, operational excellence, and strategic acquisitions. We believe Altimeter is well positioned to become a differentiated partner to insurance carriers navigating increasingly complex claims environments.”
Stephen Marquardt, Partner, BV Investment Partners
