Morgan Partners Advises Flyreel on its Sale to LexisNexis Risk Solutions

Morgan Partners Advises Flyreel on its Sale to LexisNexis Risk Solutions

By - 2 June 2022

Morgan Partners is pleased to announce that our client Flyreel, a Denver-based property insurtech that uses artificial intelligence (AI) and machine learning to enable self-service home inspections, has been acquired by LexisNexis Risk Solutions, a premier provider of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions for clients around the world.

Flyreel’s market leading solutions provide additional visibility into a property’s interior and exterior to improve and automate both the new business and renewal underwriting processes and claims. Flyreel will become part of the insurance business within LexisNexis Risk Solutions, complementing the insurance data and analytics leader’s existing breadth of data assets and models that help assess risk for a structure’s inhabitants and location.

“I could not be happier with our selection of Morgan Partners to represent us in this process. They mobilized quickly, understood the nuances and value of our technology, and represented our company extremely well every step of the way” said Cole Winans, founder and CEO of Flyreel. “This was a fantastic outcome for our team and our shareholders, and I give Morgan Partners my highest recommendation.”

“Cole and his team have built an incredibly sophisticated and powerful platform,” commented Patrick Vaughn, Managing Director of Morgan Partners. “It was really exciting bringing Flyreel to the market, and the fit with LexisNexis Risk Solutions is ideal.” Hugh Keefe, Managing Director, added “Leveraging proprietary computer vision, Flyreel offers the most advanced AI-enabled data capture solution for property inspections, risk management, and claims available in the marketplace. It is truly disruptive technology.”

This deal further demonstrates Morgan Partners’ strong subject matter expertise and deep relationships in the insurance technology, SaaS software and data & analytics segments. Morgan Partners served as exclusive financial advisor to Flyreel. Terms of the deal were not disclosed.

 

“I could not be happier with our selection of Morgan Partners to represent us in this process. They mobilized quickly, understood the nuances and value of our technology, and represented our company extremely well every step of the way. This was a fantastic outcome for our team and our shareholders, and I give Morgan Partners my highest recommendation.”

Cole Winans

Founder & CEO, Flyreel

 

About Flyreel

Flyreel is the leading provider of insurance-specific AI solutions to residential and commercial property insurers. Flyreel provides insurers Total Property Understanding™ through the delivery of comprehensive, accurate, and up-to-date interior and exterior property analytics. Powered by proprietary machine learning and computer vision technology, Flyreel’s mobile “Property Assistant” guides consumers through property inspections and claim surveys without requiring an onsite visit and while automatically capturing business-critical data and analytics to expedite and improve insurance outcomes across underwriting and claims. Flyreel is based in Denver, Colorado. For more information, visit https://www.Flyreel.co/.

About LexisNexis Risk Solutions

LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.

About Morgan Partners

Morgan Partners is a highly focused middle-market financial technology investment bank. Our tailored, expert services, deep industry relationships, and vertical domain expertise allow us to provide “best execution” simply not available at other firms. Our services consist of sell-side and buy-side M&A, capital raising, and strategic advisory to technology companies in the insurance, capital markets, banking, and related sectors. Visit www.morganpartners.com to learn more.

 

 

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