Grey Mountain Partners Sells Off Portfolio Firm

Boulder-based private equity investor Grey Mountain Partners said this morning that it has sold off one of its portfolio companies, AQS Holdings, a developer of software for the commercial property and casualty insurance carrier market. Financial terms of the sale were not disclosed. Grey Mountain said it sold AQS Holdings, which was based in Hartland, Wisconsin, to Insurity, a developer of software for insurance policy administration, claims, and billing.