Morgan Partners is pleased to announce that it has acted as exclusive financial advisor to Xceedance in its acquisition of insurance business process outsourcing firm Activer Solutions (“Activer”).  Located in Marlborough, MA, Activer Solutions specializes in insurance operations and technology services for the front, middle, and back office operations of property and casualty insurers.  In the next few months, Activer Solutions will be absorbed into the U.S. operations of Xceedance. The North America headquarters of Xceedance is in Boston, MA.

“Morgan Partners’ longstanding relationships throughout the insurance sector and deep subject matter expertise were critical in making this deal happen,” said Arun Balakrishnan, Chief Executive Officer of Xceedance.  “We’re thrilled to be bringing the Activer Solutions team into Xceedance.”

Marc Maselli, Founder and Managing Director of Morgan Partners, commented, “Xceedance continues to expand its advanced suite of tech-enabled services for re/insurers, brokers and MGAs worldwide.  A strategic acquisition like Activer Solutions provides a substantial boost to onshore capabilities in customer-facing roles as well as back office support for underwriting, claims, and policy servicing.  It is a natural extension of Xceedance’s North American operations, and clients on both sides will experience real benefits.“

Terms of the deal were not disclosed.

Further details about the transaction can be found here.