Enlyte has entered into an agreement to acquire PartsTrader, a parts procurement marketplace.
According to Enlyte, the deal will bring together two complementary businesses within the auto physical damage ecosystem.
PartsTrader will become a wholly owned subsidiary of Enlyte and will continue to operate as an independent entity alongside Mitchell’s auto physical damage division. Both organizations will maintain their identities and operations.
The companies have signed an agreement and expect the deal to close in 2026, following regulatory approvals from both the United States and New Zealand.
Enlyte provides claims technology and connectivity services, specialty networks, case management, pharmacy benefit and disability management services. Mitchell International Inc. develops auto physical damage technology services. PartsTrader LLC, based in Chicago, is privately held.
Was this article valuable?
Here are more articles you may enjoy.
Tesla Recalls 3 Million EVs in China Over Door Handle Safety
KKR to Pay $250 Million to Resolve DOJ Merger Filing Lawsuit
California Adopts Weaker Home Protection Rules as Wildfires Grow
JPMorgan, Morgan Stanley Fight Suits Over Role in Buyout Deals