Marshall & Swift/Boeckh (MSB) Announces Agreement To Be PurchasedBy Marshall Swiftboeckh, PRNE
Thursday, November 4, 2010
MILWAUKEE, November 5, 2010 - Marshall & Swift/Boeckh (MSB) today announced that MacDonald Dettwiler
and Associates (MDA) has signed definitive agreements to sell MSB to TPG
Capital (TPG) - a well known global investment firm with US$47 billion in
assets under management and with strong experience supporting companies in
the insurance and financial services marketspace. The transaction is slated
to close late in 2010 or early 2011, subject to customary approvals.
"MSB has achieved outstanding growth working with MDA and now looks
forward to continued success while partnering with TPG," said Salil Donde,
CEO of MSB. "TPG is fully supportive of and in total congruence with our
business and strategic plans. We will continue delivering world class
property estimating solutions and thought leadership to the markets we
serve," Mr. Donde confirmed. "MSB has provided value - added benefits to our
customers for over 80 years and will continue providing the same great
service, delivered by the same great people with continued focus on our core
offerings and product roadmap," concluded Mr. Donde.
About Marshall & Swift/Boeckh
Marshall & Swift / Boeckh (MSB) is the leading supplier of local building
cost information as well as residential and commercial property valuation
technology and services in the United States and Canada. Services also
include MSB's InFocus Analytics, business intelligence, and industry leading
"outsourcing" solutions. MSB has five offices throughout the U.S. and Canada.
MDA provides advanced information solutions that capture and process vast
amounts of data, produce essential information, and improve the decision
making and operational performance of business and government organizations
worldwide. Focused on markets and customers with strong repeat business
potential, MDA delivers a broad spectrum of information solutions, ranging
from complex operational systems, to tailored information services, to
electronic information products. Information about the transaction is
available at www.mdacorporation.com.
Todd Eyler, Vice President - Marketing of MSB, +1-800-809-0016, ext. 3687, todd.eyler at msbinfo.com
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