Mitchell International, Inc. is an American company based in
San Diego, CA
San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United States ...
, which develops software used by the automotive industry to manage collision and medical claims, parts and labor estimates, and glass replacement quotes. Mitchell operates throughout the United States and Canada,
and processes more than 50 million transactions a year for more than 300 insurance companies, more than 30,000 collision repair facilities, independent adjusters, and other vehicle repair participants.
Business Units
Mitchell's business units include Auto Physical Damage Division, Auto Casualty Solutions Division, Workers' Compensation Division, and NHQ Negotiation Services Division.
Company history
Mitchell was founded in 1946 by Glenn Mitchell when he created a parts catalog for collision repair estimating.
The company was once part of
Thomson Corporation
The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to fo ...
(now
Thomson Reuters
Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre.
Thomson Reuters was created by the Thomson Corpora ...
).
In 2000, Mitchell was acquired by private equity firm
Hellman & Friedman
Hellman & Friedman LLC (H&F) is an American private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts as well as growth capital investments. H&F has focused its efforts o ...
, and then in 2007 was sold to Aurora Capital Group for approximately $500 million.
The company is also former subsidiary of MIH Parent Inc.
In 2013, the private equity firm
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strate ...
bought Mitchell from Aurora Capital for $1.1 billion.
Stone Point Capital acquired Mitchell in 2018.
Acquisitions
In February 2014, Mitchell announced plans to acquire FAIRPAY Solutions, a provider of workers' compensation, liability and billing review services. In December 2014, Mitchell announced that it had signed an agreement to acquire Cogent Works, a provider of pharmacy network management services to the automobile casualty and workers' compensation markets.
In March 2012, Mitchell announced its acquisition of National Health Quest, a provider of out-of-network medical payment negotiations and services.
References
{{Authority control
Business services companies established in 1946
Companies based in San Diego
Privately held companies based in California
1946 establishments in California
Publishing companies established in 1946
Software companies based in California
Software companies of the United States
American companies established in 1946
Technology companies established in 1946