WILsquare Capital, a St. Louis-based private equity firm has completed the acquisition of Quest Solutions (Quest). Terms of the transaction have not been disclosed.
“WILsquare Capital is extremely pleased to partner with the management team of Quest to continue investing in providing specialised solutions to the insurance industry,” says 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 organisation.”
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,” says 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,” says 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.”
