Verisk, a provider of data analytics and technology to the insurance and energy industries, has terminated a definitive agreement to purchase AccuLynx, a SaaS platform that provides end-to-end business management workflows for residential property contractors with roofing expertise.
The decision comes after the Federal Trade Commission (FTC) informed that it would not be able to complete its review of the transaction by the agreement’s termination date of December 26, 2025.
The company also announced that it will redeem $1.5 billion in aggregate principal amount of senior notes related to the planned acquisition at a redemption price equal to 101% of the principal amount plus accrued and unpaid interest as of the redemption date.
Following this redemption, Verisk’s leverage will be 1.9x LTM Adjusted EBITDA as of September 30, 2025, on a pro forma basis. Additionally, Verisk’s stock repurchase authorization remained at $1.2 billion as of the same date.
Lee Shavel, president and CEO of Verisk, said: “Verisk remains committed to our capital allocation principles of balancing organic investments with the highest capital return opportunities while returning capital to shareholders through dividends and repurchases.
“We remain confident in our ability to achieve our long-term growth targets this year, 2026 and beyond.”
The announcement stated, “AccuLynx has notified Verisk that it believes that Verisk’s termination of the merger agreement is invalid.”
Verisk “strongly disagrees” with the statement and stressed that it “intends to vigorously defend any such claims.”
Verisk first announced its intention to acquire AccuLynx in July, with plans to pay $2.35 billion in cash. The transaction is expected to close by the end of the third quarter of 2025.