Mitchell International, a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries, announced it has signed a definitive agreement to sell the company to an investment group led by Aurora Capital Group and including General Electric Pension Trust.
"Aurora Capital and GE Pension have been longtime investment partners with tremendous capital resources and an unfailing commitment to seeking out great companies and providing the necessary support to further their strategic goals," says Alex Sun, president of Mitchell. "Mitchell remains deeply committed to the markets we serve, and our ability to invest in our customers, products, and people has never been greater. We have developed a unique breadth of auto property and casualty and collision repair solutions and recognize the importance of continually adding value for our customers–look for more great things to come."
The transaction is expected to close in March 2007 pending customary conditions and certain regulatory approvals.
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