After being acquired by RCap Equity Partners, Quiktrak left the Bureau Veritas Group and merged with the Douglas-Guardian Services Corporation (DG) on July 20.
“We’re entering an exciting new chapter in our company history. I am very excited to be combining with the DG team,” Rob Murphy, who was appointed president of the new company, said. “DG’s history and experience in the industry is unparalleled. Combined with Quiktrak’s large field force and RCap’s track record of success, we aim to provide a one-stop shop for our clients’ risk management needs globally.”
“Integrating the two companies will only accelerate the expansion of services and solutions that my company embarked on three years ago when RCap acquired DG,” Bruce Lurie, former Douglas-Guardian CEO and incoming Quiktrak board member, said. “With DG’s customer service, Quiktrak’s inspector coverage and RCap’s commitment to technological innovation, the new company promises a new generation of AI-driven risk management tools for the audit, inventory management and inspection service industry.”
Sudhakar Goverdhanam was appointed the CEO of the new Quiktrak. He is a technology entrepreneur and the founder and former CEO of Prime Technology Group.
“Sudhakar is the perfect leader given our focus on technical progress,” Randall Kutch of RCap.
Goverdhanam is currently a board member and equity holder in Xemplar Insights, an information technology and services company serving the insurance industry, and PharmaForce, a third-party administrator supporting contract pharmacies.
Founded in 1991 and acquired by the Bureau Veritas Group in 2014, Quiktrak developed the Revoquest platform to deliver more than 350,000 audits annually utilizing its network qualified inspectors throughout the U.S., Canada, the UK, Ireland, Europe, Australia, New Zealand and Southern Africa.
In business since 1932 and a full-service collateral company since 1991, Douglas-Guardian provides collateral management, leased equipment inspections and floor plan inspection services in the U.S. and Canada.
RCap makes control equity investments in lower middle-market companies.
