Private equity firm GTCR and activist investor Elliott Investment Management are in advanced talks to acquire CCC Intelligent Solutions, a Chicago‑based software company that supports auto insurers, repair shops, automakers and parts suppliers. The report, based on sources familiar with the matter, was published by Bloomberg News on Friday.
Potential deal and market reaction
Shares of CCC Intelligent Solutions jumped roughly 11% in extended trading after the news broke, reflecting investor optimism about a possible transaction. While the parties have not disclosed financial terms, the source indicated that a definitive agreement could be announced as early as next week.
Background on CCC Intelligent Solutions
CCC provides a suite of software tools that help insurance carriers manage claims, streamline repair‑shop workflows, and coordinate parts‑supply chains. The platform is widely used across the United States, making the company a strategic asset in the automotive‑insurance ecosystem.
Previous ownership and sale process
Advent International acquired CCC in 2017 and later took the company public through a special‑purpose acquisition company merger in 2021. Advent exited its investment in 2025 via a series of secondary share offerings, including the sale of its remaining stake.
In July, Reuters reported that CCC was exploring a sale and had hired Morgan Stanley to advise on the process. The investment bank reached out to a range of potential buyers, including private‑equity firms. Earlier, Bloomberg reported in August that online vehicle auctioneer Copart was also in talks to acquire CCC, though that discussion appears to have stalled.
What the acquisition could mean
If GTCR and Elliott complete the purchase, the new owners are likely to pursue growth initiatives that leverage CCC’s technology across a broader set of insurance and automotive partners. Both GTCR and Elliott have a track record of investing in technology‑driven businesses and could provide capital and strategic guidance to expand CCC’s product offerings.
Industry observers note that the deal could further consolidate the market for insurance‑technology solutions, potentially driving efficiencies for insurers and repair shops while also raising competitive pressures for rival software providers.
Responses from the companies
CCC Intelligent Solutions, Elliott Investment Management and GTCR did not immediately respond to requests for comment from Reuters.
Looking ahead
The transaction remains subject to customary closing conditions, including regulatory approvals and shareholder consent. Stakeholders will be watching closely to see whether the deal proceeds and how it may reshape the landscape of automotive‑insurance technology.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
