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Verisk Enters Energy Analytics Through $2.8B Wood Mackenzie Acquisition

With its sights set on being a leading global energy market data analytics provider, Jersey City, NJ-based Verisk Analytics Inc. announced Tuesday it has agreed to acquire Wood Mackenzie from Hellman & Friedman and other Wood Mackenzie shareholders for about $2.8 billion in cash.

The deal merges Edinburgh, UK-based Wood Mackenzie's data analytics and commercial intelligence for the energy, chemicals, metals and mining verticals, with Verisk's established data analytics position in the property/casualty insurance industry. "The transaction advances Verisk’s strategy to expand internationally and positions the company in markets that relate closely to the company’s existing supply chain and climate risk initiatives, which are central to the global economy of the 21st century," Verisk said Tuesday.

Wood Mackenzie brings a track record of more than 40 years providing analysis and advice on energy assets, companies, and markets, giving clients in more than 80 countries around the world insight to make better asset investment and portfolio allocation decisions. Wood Mackenzie’s customer base includes 800-plus international and national energy and metals companies, financial institutions and governments.

Wood Mackenzie uses predictive models and proprietary data gathered over the past century to describe and value assets, forecast their future productivity and value, and provide clients with strategic advice. Wood Mackenzie advisers work directly with clients to address their business challenges. The company has approximately 1,000 employees worldwide, with offices in Edinburgh, Dubai, Houston, London, Singapore, and Sydney.

“Wood Mackenzie is a world-class company and an excellent addition to the Verisk family,” said Verisk CEO Scott Stephenson. “The company has significant opportunities in the global energy, chemicals, metals and mining verticals, a track record of consistent revenue growth and profitability, distinctive and mission-critical solutions, and an impressive management team.”

Wood Mackenzie CEO Stephen Halliday, added “This combination is a natural home for the business we’ve built over the years and a great opportunity for our customers and employees.”

The deal is expected to close during 2Q2015, subject to the completion of customary closing conditions and the receipt of regulatory approvals. Halliday will continue to lead the Wood Mackenzie business and will report to Stephenson.

Verisk said it intends to finance the transaction through a combination of about $2 billion in debt and up to $800 million in equity.

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