October 8, 2020

Willkie represented Aquiline in the transactions, which merge two industry leaders in the management of interior and exterior damage assessment and repair for property claims.

On October 2, Aquiline Capital Partners announced the acquisitions and merger of Insurance Claims Management, Inc., which operates under the CodeBlue brand, and FV Holdings, LLC dba MADSKY Managed Repair Program (MADSKY). The combination will bring together two industry-leading providers, offering a unique and unified interior and exterior emergency services and direct repair capability. Hunter Powell, currently CEO of MADSKY, will become CEO of the combined business.

Headquartered in Springfield, Ohio , CodeBlue is a growing provider of property claims outsourcing solutions for the insurance industry, using science and technology to generate superior service and cost outcomes. The company provides a "whole home" set of property claims outsourcing solutions, including First Notice of Loss, Water Mitigation, Direct Property Repair, Desk Repair and Contents Valuation for a multitude of insurance companies. The platform facilitates CodeBlue contractor management and facilitates communication and business processes for insurance carriers, ICM, network service providers and policyholders.

MADSKY is headquartered in Englewood, Colorado and handles roofing and exterior restoration needs in the insurance claims and broader property management space. MADSKY combines a claims concierge service with a network of vetted and highly qualified contractors, simplifying the property restoration process. MADSKY's network of skilled roofing contractors, general contractors, independent adjusters, suppliers, manufacturers, and more are responsible for doing the restoration work.

Longtime client Aquiline Capital Partners is a New York and London-based private equity firm investing in businesses across the financial services sector in financial technology, insurance, investment management, business services, credit and healthcare. The firm has $5.3 billion in assets under management as of December 31, 2019.

The Willkie team was led by partners Jeffrey Poss and Manuel Miranda and included associate Ryan Hartnett.