GTCR and Elliott in advanced talks to buy CCC Intelligent Solutions, source says
CCCS•GTCR and Elliott Investment Management are in advanced talks to acquire CCC Intelligent Solutions, a source said. A deal could be announced as soon as next week, but no final agreement had been reached; CCC shares rose about 13% in extended trading.
1. Acquisition talks advance
GTCR and Elliott Investment Management are in advanced talks to acquire CCC Intelligent Solutions, a source familiar with the matter said. A deal could be announced as soon as next week, but a final agreement had not been reached, and no financial details were disclosed.
2. Shares rise after report
CCC shares rose about 13% in extended trading after the news was reportedly first reported. CCC provides software used by auto insurers, repair shops, automakers and parts suppliers to manage operations.
3. Earlier sale process
CCC was exploring a sale and had hired Morgan Stanley to advise on the process, Reuters reported in July. A report in August said Copart was in talks to acquire CCC. Advent International acquired CCC in 2017 and took it public through a merger with a special-purpose acquisition company in 2021; Advent exited its investment in 2025 through secondary share offerings.
