Overland Solutions Inc., an Overland Park, KS-based company that provides audits and inspections for the insurance industry, has been acquired by EXL. Overland Solutions was founded in 1951. The company has 750 employees and a network of 1,000 independent contractors across the U.S. that provide underwriting support services, such as audits, loss-control consulting and inspection surveys for commercial and high value residential clients.
EXL is based in New York, and provides operations management, decision analytics and technology platforms to clients in insurance, healthcare, banking and financial services, utilities, travel and transportation and logistics. The company streamlines business operations and creates new channels for growth. The acquisition will enhance EXL’s position in the property and casualty insurance industry. EXL has more than 23,000 employees.
The purchase price was $53 million cash.