Agility Recovery, which provides business continuity services for banking and insurance companies, has acquired Recovery Solutions of Chicago, Illinois.
This is M&A deal 416 that ChannelE2E has covered so far in 2020. See the full M&A deal list here.
Agility Recovery, based in Denver, Colorado, is backed by private equity firm LLR Partners. Agility Recovery’s business continuity solution help customers plan, train, test, alert and recover from outages.
In contrast, Recovery Solutions provides purpose-built, audit-ready compliance solutions for banks and credit unions. Recovery Solutions CEO Rick Lavin will join the Agility team to assist with the transition.
Agility Acquires Recovery Solutions: Executive Perspectives
The deal will help strengthen Agility Recovery’s position in the market while expanding its expertise within the highly regulated financial sector, according to Agility’s CEO Jon Bahl, who said:
“The need for business