Deloitte Corporate Finance acted as exclusive financial advisor to Louisville, KY-based Donan Solutions on its divestiture of HVAC Forensics to Consolidated Claims Group. The transaction closed January 31, 2018.
Founded in 1947, Donan provides independent claims investigation services and forensic engineering services for residential and commercial insurance carriers. It has offices across the U.S. offering forensic engineering, fire investigation, component testing, litigation support and unmanned aerial vehicle services.
“We were pleased that our strong reputation for quality service, technical expertise and efficient turnaround times was so attractive during this process,” said Lyle Donan, CEO and president of Donan Solutions. “Deloitte Corporate Finance’s experience in the claims investigation sector combined with their strong relationships with buyers were critical as they guided us through the divestiture of HVAC Forensics, the outcome of which exceeded our expectations.”
“CCG’s acquisition of HVAC Forensics expands the depth of the technician network and customer portfolio of one the nation’s leading providers of HVAC damage assessments for insurance claims in an industry where focus on technical expertise, efficient turnaround times and customer service is paramount,” said Eric Andreozzi, managing director at Deloitte. “This transaction represents the second deal in the high growth insurance services sector for Deloitte Corporate Finance in the past year.”