Mitchell International
| Company type | Private |
|---|---|
| Industry | Software, Automotive |
| Founded | 1946 |
| Founder | Glenn Mitchell |
| Headquarters | San Diego , United States |
Area served | United States, Canada |
| Products | Management of collision and medical claims, estimation of parts and labor costs, glass replacement pricing |
| Owner | Stone Point Capital |
Mitchell International, Inc. is a software firm headquartered in San Diego, California, dedicated to delivering technology solutions for the automotive sector. Its offerings encompass management of collision and medical claims, estimation of parts and labor costs, as well as glass replacement pricing. Serving clients throughout the United States and Canada, Mitchell handles upwards of 50 million transactions each year on behalf of more than 300 insurance providers, 30,000 collision repair shops, independent adjusters, and other participants in vehicle repair.
Business Units
The company’s structure is divided into four primary segments: Auto Physical Damage, Auto Casualty Solutions, Workers' Compensation, and NHQ Negotiation Services.
Company history
Mitchell was established in 1946 by Glenn Mitchell with the development of a parts catalog aimed at collision repair cost estimation. The company was formerly part of Thomson Corporation (now known as Thomson Reuters). In 2000, it was acquired by the private equity firm Hellman & Friedman. Subsequently, in 2007, Aurora Capital Group purchased Mitchell for an estimated $500 million.
Kohlberg Kravis Roberts then acquired the company in 2013 for $1.1 billion. The current owner, Stone Point Capital, completed its acquisition in 2018.
Acquisitions
In February 2014, Mitchell revealed its intention to acquire FAIRPAY Solutions, a provider specializing in workers' compensation, liability claims, and billing review services. Later that year, in December 2014, Mitchell entered into an agreement to purchase Cogent Works, which focuses on managing pharmacy networks for automobile casualty and workers' compensation sectors.
Prior to these transactions, Mitchell acquired National Health Quest in March 2012, a company dedicated to negotiating out-of-network medical payments and related services.