Headwaters MB advised Patriot National, Inc. (NYSE: PN), a national provider of outsourcing solutions to the insurance industry, on its acquisition of Vikaran Solutions, acquired Vikaran Solutions, LLC (Vikaran), a Chicago-based technology company that provides software and services to the property and casualty industry. Terms of the transaction were not disclosed.
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About Patriot National
Patriot National is a national provider of comprehensive technology and outsourcing solutions within the property and casualty marketplace, primarily in workers' compensation, for insurance companies, employers, local governments and reinsurance captives. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services and claims administration services to its insurance carrier clients and other clients. Patriot National is headquartered in Fort Lauderdale, Florida with nine regional offices around the country.