Agility Recovery, a Denver-based provider of business continuity services for banking and insurance companies, has acquired Chicago, Illinois-based Recovery Solutions.
Recovery Solutions delivers audit-ready and Federal Financial Institutions Examination Council compliant business continuity services that help companies protect their people, operations, supply chain, and brand, all while meeting regulatory requirements.
“The need for business continuity options in the banking and financial services sector continues to escalate as compliance throughout the entire supply chain grows in importance,” said Jon Bahl, CEO of Agility Recovery. Agility has more than 4,000 customers.
He said the acquisition will help Agility further deliver on its promise to help “businesses achieve resiliency, especially within the highly regulated banking and financial sector.”
The firm’s services help businesses get their office space, power, technology and communications systems back to normal operations following disasters and disruptions. Services also include training, testing and emergency messaging.
Rick Lavin, CEO of Recovery Solutions, will join the Agility team to assist with the transition.
In 2018, Agility acquired Rentsys Recovery Services and in 2019, bought Preparis, an emergency notification software firm.
Agility is a portfolio company of private equity firm LLR Partners.
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