BV Investment Partners Makes First Fund XII Deal With Altimeter Solutions Group Carve-Out

New updates have been reported about BV Investment Partners.

BV Investment Partners has completed the carve-out acquisition of Alacrity Solutions’ Managed Repair Program division, rebranding the business as Altimeter Solutions Group and positioning it as a core platform investment in the property insurance services market. The deal is being financed by BV’s Funds XI and XII and marks the inaugural deployment from Fund XII, a $2.465 billion vehicle dedicated to founder- and management-led, tech-enabled business services and solutions. Altimeter, led by CEO Jonathan Miko and the existing management team, delivers end-to-end managed repair services for property insurance claims, using proprietary job management technology, advanced claims triage, and a national contractor network to shorten cycle times, improve repair predictability, and enhance policyholder experience.

For BV, the transaction advances its sector-focused strategy of backing technology-centric platforms at the intersection of data and critical industry workflows, in this case property claims. The firm intends to accelerate Altimeter’s growth through investments in product development, operational excellence, and targeted M&A to deepen carrier relationships and expand into adjacent service lines. Management and BV see substantial demand tailwinds as insurers face growing claims complexity and seek greater control over cost, quality, and customer satisfaction. The acquisition also underscores BV’s scale and momentum, with more than $7.5 billion in assets under management and a track record of 50 investments and 22 realizations or substantial exits to date. Legal advice for BV was provided by Ropes & Gray, while Piper Sandler acted as financial advisor on the transaction, signaling a fully structured platform build designed to support long-term value creation in the insurance repair ecosystem.