CCC Intelligent Solutions, a Chicago-based technology company, is looking into selling the business, according to three individuals with knowledge of the situation.
The company, which develops software and artificial intelligence tools for managing automotive insurance and repair workflows, has enlisted investment bank Morgan Stanley to oversee the potential sale. Outreach has already begun to prospective buyers, including private equity firms, the sources indicated.
Neither CCC nor Morgan Stanley offered a response to requests for comment.
CCC’s platform is used by auto insurers, collision repair shops, vehicle manufacturers, and parts suppliers to handle accident claims, repair management, and related business processes. According to the company, its system connects more than 35,000 businesses within the property-and-casualty insurance industry.
The company’s market value has taken a significant hit over the past year, falling from approximately $6.4 billion to around $3.3 billion. Investors have expressed concern over slowing revenue growth, reduced claims volumes across the industry, and slower-than-anticipated uptake of some of CCC’s newer software offerings. The company’s stock has lost roughly 44% of its value over the last 12 months.
This is not the first time CCC has considered a sale. Back in 2022, Reuters reported that the company was weighing strategic options — including a possible sale — after drawing interest from potential acquirers, though no deal ultimately came together.
