Donan, a forensic engineering and investigation firm focused on property challenges and services, has merged with CCG IQ, a provider of services enabling better insurance underwriting and claims decisions. The resulting firm will be a platform for actionable intelligence across the insurance industry and will partner with New Mountain Capital.

The combination of the firms bring two complementary technology and focus areas together. The firm will be headquartered in Louisville, Kentucky and Charlotte, North Carolina with 500 employees serving customers in all 50 US states. The combined firm will handle over 100,000 technical claims reviews annually, serving P&C insurance agencies.

“We are thrilled to partner with CCG IQ and embark on the next stage of growth,” said Lyle Donan, CEO at Donan. “The CCG IQ suite of brands, including HVACi and StrikeCheck, is highly complementary with Donan’s engineering expertise. We look forward to working with the CCG IQ team to combine the great networks we have established, while maintaining the best of legacy cultures at both Donan and CCG IQ.”

“As an end-to-end solution, the combined company will leverage what Donan and CCG IQ already excel in – actionable reports, efficient processes, industry experts and customer service – to deliver the best possible product,” said Matthew Dubbioso, director at New Mountain. “The New Mountain team is focused on building great businesses, and today’s announcement is an important step towards establishing a true leader in the insurance industry.”

Deloitte Corporate Finance LLC served as exclusive financial advisor to Donan on the transaction. Waller Helms Advisors served as financial advisor to New Mountain.