Insurcomm, a provider of commercial and residential restoration services, has received a majority growth investment from Summit Partners, a global alternative investment firm. The investment will help Insurcomm expand its operations and acquire other providers who share its mission of delivering high-quality service to clients facing property loss events.
Insurcomm offers a range of property damage restoration services, such as fire and water damage cleanup, mold remediation, asbestos and biohazard removal, and reconstruction services. The company serves as a single point of contact for its clients, guiding them through the complexities of property loss.
Doug Indelicato, CEO of Insurcomm, said that partnering with Summit will enable the company to scale its impact and drive value for property owners and insurers. He added that the company aims to set new standards in the restoration market and cement its position as an industry leader.
Summit Partners’ Matt Hamilton and Andy Lee, who have joined Insurcomm’s Board of Directors, praised the company’s impressive delivery model, culture of excellence, and strong organic growth. They said they are excited to support Insurcomm’s expansion plan.
Insurcomm has grown rapidly over the past five years by expanding its geographic coverage and securing GSA MAS status for emergency response for all federal government agencies. The company has extensive experience across thousands of loss events, ranging from day-to-day emergencies to major catastrophes. The company has built deep and trusted relationships with property owners and insurers, fueling its growth in market share.
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