Verisk, a data analytics and technology provider to the insurance and energy industries, has terminated its definitive agreement to purchase AccuLynx, a SaaS platform providing end-to-end business management workflow for residential property contractors with expertise in roofing.
The company also announced that it will redeem the $1.50 billion aggregate principal amount of senior notes that were issued in connection with the planned acquisition for a price equal to 101% of their principal amount plus accrued and unpaid interest to the redemption date.
Following this redemption, Verisk’s leverage would have been 1.9 times LTM adjusted EBITDA as of September 30, 2025 (on a pro forma basis). Additionally, as of that same date, Verisk still had $1.2 billion remaining under its share repurchase authorization.
Lee Shavel, president and CEO of Verisk, said: “Verisk remains committed to our capital allocation discipline – balancing organic investment in our highest return on capital opportunities while returning capital to shareholders through dividend and repurchases.
“We continue to have confidence in our ability to deliver results in line with our long-term growth targets for this year, for 2026 and beyond.”
According to the announcement, “AccuLynx has notified Verisk that it believes Verisk’s termination of the merger agreement is invalid.”
Verisk “strongly disagrees” with this statement and highlighted that it “intends to vigorously defend against any such assertions.”
Verisk first announced its intent to acquire AccuLynx in July, planning to pay $2.35 billion in cash. The deal was expected to be finalised by the conclusion of the third quarter of 2025.
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