WILsquare Capital has acquired Quest Solutions, a solutions provider to insurance companies. No financial terms were disclosed.
ST. LOUIS–(BUSINESS WIRE)–WILsquare Capital, a St. Louis-based private equity firm, announced today it has completed the acquisition of Quest Solutions, LLC (“Quest”), an industry-leading solutions provider to insurance companies based in St. John, MI. Terms of the transaction were not disclosed.
“WILsquare Capital is extremely pleased to partner with the management team of Quest to continue investing in providing specialized solutions to the insurance industry,” said Bill Willhite, Managing Partner at WILsquare Capital. “Quest’s leadership team has built a tremendous reputation based on a customer centric service model and strong cultural values, which permeate throughout the organization.”
As an industry leader in partnering with large insurance companies and fleet companies, Quest provides Emergency Roadside Services (ERS), glass management and claims reporting through its nationwide, best in class network of over 40,000 tow providers and its robust glass repair network. Its proprietary software platform efficiently processes claims with transparency and up to the minute visibility.
“We are impressed with Quest management’s ability to grow its business with existing customers as well as with new customers seeking an enhanced solutions platform,” said Jamie Wilmsen, Partner at WILsquare Capital. “We look forward to supporting Quest’s meaningful and increasing investments in innovative technologies, which will serve as an important building block to an accelerating growth trajectory.”
“We are excited to have WILsquare Capital as our investment partner. They have shown remarkable knowledge of our industry and will provide us the necessary resources to continue our growth,” said John Bowen, CEO of Quest. “We look forward to being able to leverage their understanding of our service model and operational expertise to boost our market position and the value that we bring to our customers.”
About WILsquare Capital
WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower-middle market businesses in the Midwest and Southern United States, with an emphasis on business services, niche manufacturing, distribution and technology companies. The firm is currently investing out of WILsquare Capital Partners Fund I, L.P.