Verisk tried to cancel its $2.35B AccuLynx deal after FTC delays; a court said no

In summer 2025 Verisk, an insurance data analytics firm with a market cap around $25 billion, agreed to buy AccuLynx, a CRM software provider for roofing contractors, for $2.35 billion. Shortly afterward it ended separate negotiations for an enhanced integration with AccuLynx rival ServiceTitan and offered only a standard integration. ServiceTitan told the FTC, which developed a theory that Verisk might later offer AccuLynx a better pricing integration than it offered AccuLynx's competitors.

In October the FTC requested additional information. When the FTC asked whether Verisk had terminated integration agreements with AccuLynx rivals, Verisk, unaware of ServiceTitan's message, said it had not. It later acknowledged the ServiceTitan talks and ran a document search, but Axios reported the FTC then demanded full compliance, a second request. The delay pushed approval past the agreed date, and Verisk terminated the agreement in December. AccuLynx contested the termination, and Verisk asked the Delaware Chancery Court in January to approve it.

On Friday, August 7, 2026 the court rejected Verisk's plan and ordered specific performance, rarely used in merger cases. It did not force the merger to close, but required Verisk to use commercially reasonable efforts to obtain regulatory approval and said AccuLynx is entitled to damages for direct costs with interest. Axios summarized the ruling as holding that Verisk brought the situation on itself.

Verisk ended ServiceTitan integration talks right after agreeing to buy ServiceTitan's rival AccuLynx, which prompted ServiceTitan to alert the FTC.

Verisk told the FTC it had not terminated integration agreements with AccuLynx rivals before it knew about ServiceTitan's message.

The FTC issued a broader second request, pushing approval beyond the agreed deadline.

Verisk terminated the deal on that basis, and the court held it had brought the situation on itself.

Walking away from a rival's integration just after buying its competitor invites antitrust questions. Inaccurate early answers to regulators can lock a deal into a second request.

Verisk said it disagreed with the ruling and was evaluating its options. Axios noted that Verisk shares opened Monday down 5.7%.