GTCR partnered with CEO Brian Matthews and the itel management team to execute a transformational growth strategy focused on product innovation, technology enhancement and go-to-market acceleration.

The deal values itel at over $1.3 billion, including debt, a source familiar with the matter told Reuters. GTCR declined a comment on the deal value.

Previously, Carrigan served as senior vice president of sales at GCS and its ITEL Laboratories Inc business Before joining GCS, Carrigan was director of business development for ILD Corp GTCR ...

He has been integral to several GTCR investments including AssuredPartners, Consumer Cellular, Everon, GreatCall, Itel, Park Place Technologies, PPC Flex, Senske Services, TRANZACT and Vivid Seats.

itel today announced an organizational restructure that will deliver broadened, integrated solutions to the property insurance industry.

Mr. Cret joined GTCR in 2014 as a member of the firm's Healthcare team, and Mr. Iginla joined GTCR in 2019 as a member of the firm's Technology, Media & Telecommunications team.