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Portsmouth, NH – Insurcomm, Inc. (the “Company” or “Insurcomm”), a fast-growing provider of commercial and residential restoration services, today announced a major growth investment from Summit Partners. Summit’s investment supports Incercom’s national expansion strategy as the company continues its mission to provide the highest quality services to commercial customers, residential customers, and local governments facing property loss. .
Driven by a unique operating model and supported by a winning culture, Insurcomm is one of the fastest growing remediation service providers in the United States. The company provides comprehensive property damage restoration services to customers nationwide, including fire and water damage treatment, mold remediation, asbestos and biohazard removal, and rebuilding services. Insercom acts as a single point of contact, supporting clients every step of the way through the complexities of property loss.
“When disaster strikes, our mission is to serve our clients with deep professionalism and dignity, ensuring timely, end-to-end solutions,” said Doug, CEO of Insercom.・Indelicato says. “Partnering with Summit will enable Incercom to enter a new era of expanded growth, expand our impact and increase value for property owners and insurers. Together, we have the aspiration to share our mission. By partnering with like-minded operators, we aim to set new standards in the restoration market, with a focus on further strengthening Insercom’s position as an industry leader.”
Summit’s investment comes at a strategic shift for Incercom as the company looks to grow its team, expand its business and acquire other providers that share its culture of excellence. Insurcomm has experienced accelerated growth over the past five years through expanding its geographic reach and securing General Services Administration (GSA) Multiple Award Schedule (MAS) status for emergency response for all federal agencies. Insurcomm has extensive experience with thousands of loss events, from routine emergency responses to large-scale catastrophic events. The Insurcomm team has built deep and trusted relationships with property owners and insurers, driving strong market share growth.
“With long-term tailwinds and a highly fragmented restoration market, Insercom has developed an excellent delivery model that will contribute to our rapid and profitable growth.” said Matt Hamilton, managing director of Summit Partners. Dear Directors, “We are excited to join forces with Doug and his entire Insurcomm team to support the company’s expansion plans.”
“We believe Incercom’s strong organic growth is a testament to the culture of excellence we have built and the company’s commitment to serving all stakeholders in property loss cases.” added Andy Lee, vice president of Summit Partners, who also joined the board of directors. Dear Directors,
Harris Williams served as financial advisor to Summit Partners, and Latham & Watkins served as legal advisor.
About Insercom Co., Ltd.
With a strong entrepreneurial spirit, Insurcomm was founded in 1996 by founder Neil Robbins. His Insurcomm, headquartered in Portsmouth, New Hampshire, started with his two employees to provide construction services for insurance-related losses. Currently, Insurcomm has approximately 100 employees and provides end-to-end solutions for insurance-related property losses. In addition to responding to day-to-day emergencies, Incercom also has a national large-loss team that responds to complex large-loss projects throughout the United States. For more information, please visit www.insurcomm.com or follow us on LinkedIn.
About summit partners
Founded in 1984, Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. Summit invests across growing sectors of the economy and has invested in more than 550 companies in technology, healthcare, and other growth industries. Summit has offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow us on LinkedIn.
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