Enlyte Acquires PartsTrader: A New Era in Auto Insurance

Enlyte has announced its intention to acquire PartsTrader, a leader in parts procurement services, marking a strategic union within the auto physical damage industry. This acquisition aims to combine two complementary businesses, enhancing their offerings in claims management and risk management across the sector. PartsTrader will emerge as a wholly owned subsidiary of Enlyte but will continue to function independently alongside Mitchell’s auto physical damage division, preserving its brand identity and operational structure.

Regulatory Compliance and Future Operations

The acquisition agreement has been formalized, with the companies targeting a completion date by 2026, pending all necessary regulatory compliance requirements in both the United States and New Zealand. Enlyte is renowned for its comprehensive claims technology and connectivity services, including specialty networks and pharmacy benefit management. Mitchell International Inc. is a key provider of auto physical damage technology services, while PartsTrader LLC, based in Chicago, will continue its operations as a privately held entity, reinforcing the group's diverse offerings in regulatory compliance and underwriting innovations.