GTCR and Elliott to Acquire CCC in $6.1 Billion Deal

CCC Intelligent Solutions has agreed to be acquired by a consortium led by private equity firm GTCR and including Elliott Investment Management in an all-cash transaction valued at approximately $6.1 billion, including debt. The CCC Intelligent Solutions acquisition will take the insurance technology company private, subject to shareholder and regulatory approvals. Completion is expected in the first quarter of 2027.

Deal value, shareholder payout, and transaction timeline

Under the agreement, CCC shareholders will receive $7.75 per share in cash. This represents a 44% premium over the company’s closing share price on July 9, 2026, the last trading day before media reports raised the possibility of a sale.

The transaction values CCC at approximately $6.1 billion, including its debt. GTCR will lead the acquisition, with Elliott Investment Management joining the consortium. CCC’s board approved the agreement after reviewing strategic options for the business.

The CCC Intelligent Solutions acquisition is expected to close in the first quarter of 2027, provided the required shareholder and regulatory approvals are secured, and other customary closing conditions are met. The agreement does not include a financing condition.

Once the transaction is completed, CCC will become a privately held company, and its shares will be delisted from the Nasdaq stock exchange. This will end its status as a publicly traded business and transfer ownership to the acquiring consortium.

The cash offer gives shareholders a fixed payment for their shares rather than continued exposure to CCC’s future stock market performance. The 44% premium is measured against the July 9 closing price, before reports of a potential transaction began circulating.

CCC’s insurance software and artificial intelligence business

Based in Chicago, CCC Intelligent Solutions provides software and artificial intelligence (AI) tools used in insurance claims and vehicle repairs. Its platform connects more than 35,000 businesses, including insurance companies, repair shops, automakers, and parts suppliers.

The company’s software supports processes that link insurers with repair businesses and other participants in vehicle claims. Its network spans several parts of the automotive insurance and repair industry, allowing businesses to exchange information and coordinate work through digital tools.

GTCR and Elliott plan to support investment in product development and AI capabilities following the acquisition. They also intend to expand CCC’s product offerings and grow its business network.

The planned investment in AI reflects the role of software in insurance claims and vehicle repair operations. These processes involve information from insurers, vehicle owners, repair shops, automakers, and parts suppliers. CCC’s platform serves businesses across this network.

The acquisition places CCC’s future development under private ownership, where the new owners plan to focus on product investment and business expansion. The deal announcement does not specify the amount the consortium will invest in new products or AI development, nor does it provide a detailed timetable for those plans.

For businesses operating in insurance technology and automotive services, the transaction highlights continued investor interest in software platforms that connect multiple industry participants. CCC’s customer network and focus on claims processing and repair tools form the core of the business being acquired.

The CCC Intelligent Solutions acquisition remains subject to the required approvals, with completion targeted for the first quarter of 2027. Until the deal closes, CCC remains publicly traded on Nasdaq.