Mitchell parent company, Enlyte, to acquire PartsTrader

Enlyte has entered into an agreement to acquire PartsTrader, according to a press release Thursday. 

PartsTrader will become a wholly owned subsidiary of Enlyte, the parent company of Mitchell, and will continue to operate as an independent entity alongside Mitchell’s Auto Physical Damage division. It says both organizations will maintain their distinct identities and operations. 

“The acquisition represents a strategic investment that brings together two complementary businesses within the Auto Physical Damage ecosystem,” the release says. “Both organizations will maintain their distinct identities and operations while benefiting from the collective strength of the Enlyte portfolio.” 

Mitchell and PartsTrader will continue as open platforms allowing the choice of other information providers as well as suppliers and other partners in the ecosystem, the release says. 

“This acquisition reinforces Enlyte’s commitment to the auto physical damage industry and our focus on delivering comprehensive technology solutions that improve outcomes across the collision claims and repair sectors,” said Alex Sun, CEO of Enlyte. “By bringing together Mitchell’s premier damage appraisal solution with PartsTrader’s leadership in parts procurement, we’re positioned to deliver even greater value to our insurer and repair customers and the market. We’re excited about the natural synergies between our companies and look forward to the opportunities ahead.”

Steve Messenger, PartsTrader CEO says in the release, that joining the Enlyte family represents an exciting new chapter for the company. 

“As part of Enlyte, we’ll have additional resources to accelerate our growth while continuing to serve our customers with the same commitment to excellence they’ve come to expect,” Messenger says. “Our companies share a vision for innovation and customer success, and I’m confident this partnership will create significant value for the auto physical damage claims and repair industry.”

The deal is expected to close in 2026 following regulatory approvals from both the U.S. and New Zealand. 

Raymond James & Associates and Goldman Sachs & Co. LLC served as financial advisors to Enlyte, and Kirkland & Ellis LLP and Quigg Partners served as legal counsel. The financial terms of the transaction will not be disclosed.

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Enlyte logo courtesy of Enlyte