BV Investment Partners has finalized its acquisition of the managed repair division from Alacrity Solutions. The unit will now operate as Altimeter Solutions Group, a platform based in Burkburnett, Texas. This move expands BV's portfolio in the insurance services sector, focusing on property restoration for carriers.

Private equity firms increasingly target niche insurance technology and repair services, seeking to streamline claims processing. Altimeter aims to help insurers manage property damage repairs more efficiently, giving carriers greater control over the restoration process. The deal reflects a broader trend of PE investment in insurance-related infrastructure.

Jonathan Miko, the named CEO, will lead the newly independent entity. BV's investment likely provides Altimeter with capital for growth and operational scaling. Investors will watch for how this platform integrates with broader insurance carrier networks and whether it can capture market share in the competitive managed repair space.