Verisk has lost its bid to escape its $2.35 billion acquisition of roofing software company AccuLynx. The Delaware Supreme Court affirmed a lower court ruling that the insurance data and analytics firm must keep pursuing the deal.
In a statement, Verisk said it respected the court’s order and would proceed accordingly.
“The transaction remains subject to the satisfaction of customary closing conditions and FTC review, and there is no guarantee that the transaction will be completed,” the company said. Verisk added that it remained focused on serving the insurance industry and delivering long-term value for shareholders.
Verisk agreed to buy AccuLynx, a cloud-based business management platform for roofing contractors, on July 29, 2025. The Federal Trade Commission’s antitrust review then became a problem.
According to the Delaware Court of Chancery’s August ruling, shortly after signing the deal, Verisk ended separate talks with ServiceTitan, an AccuLynx competitor, about an enhanced integration with Verisk’s products. ServiceTitan raised the matter with the FTC. The agency then issued a second request for information, an in-depth review that can take many months and cost tens of millions of dollars to comply with.
That review pushed the deal past its agreed deadline. On December 26, 2025, Verisk terminated the merger agreement, according to its annual report. AccuLynx disputed the termination the same day, and Verisk asked the Chancery Court in January to confirm that its termination was valid.
The merger agreement allowed either party to terminate after the deadline, unless its own “willful conduct” was the primary cause of the regulatory delay. In an August 7 decision, the Chancery Court found that Verisk’s decision to end the ServiceTitan talks met that test, even though it found no evidence that Verisk intended to breach the agreement. It ordered specific performance, requiring Verisk to use commercially reasonable efforts to obtain FTC clearance and to close the deal if it is approved. The Supreme Court has now upheld that ruling.
Verisk is a key data provider to property insurers, and its Xactimate software is widely used to estimate property claims. AccuLynx’s platform is used by roofing contractors to manage jobs from estimate to payment. Linking the two would connect insurers’ claims processes more closely with the contractors carrying out repairs, particularly for roof claims, one of the largest sources of homeowners losses.
That is also why the FTC is looking closely. Combining claims estimating with contractor management software raises competition questions for rival software providers and for contractors that rely on access to Verisk’s tools.
For insurers and brokers, the immediate impact is limited, since the deal hasn’t closed and may still be blocked. But the outcome will shape how much of the property claims process runs through a single data provider.
The case has also become a landmark for M&A lawyers. It is one of the first times a court has effectively required a buyer to comply with an FTC second request rather than walk away from a deal.
