XIO Group has closed its previously announced buy of J.D. Power and Associates for $1.1 billion. The seller was S&P Global. Based in Costa Mesa, California, J.D. Power is a provider of marketing data and analytics for businesses.
XIO Group, a global alternative investments firm headquartered in London, today confirmed that it has completed its previously announced acquisition of J.D. Power and Associates, the leading provider of marketing data and analytics for businesses and consumers worldwide, from S&P Global (NYSE: SPGI) for $1.1 billion. J.D. Power will remain headquartered in Costa Mesa, California and continue to be led by its existing senior management team.
The transaction represents a compelling opportunity for J.D. Power to accelerate core growth, further refine and develop innovative customer solutions, broaden its international reach, and leverage its access to proprietary data and analytics to enhance consumer decision-making. XIO Group is committed to supporting J.D. Power in its mission to use data-driven knowledge to help consumers and companies navigate today’s complex business environment.
“We are delighted to be partnering with J.D. Power and working together to build on the company’s strong foundation,” said Joseph Pacini, Chief Executive Officer of XIO Group. “J.D. Power has excellent brand recognition supported by a first-class management team and we are extremely optimistic about the company’s long-term prospects. We are particularly excited to continue working with Fin and his team to expand J.D. Power’s global business, specifically its capabilities for unique and proprietary big data and analytics solutions for blue-chip customers in many key international markets.”
“This is an exciting time for J.D. Power,” said Finbarr O’Neill, President of J.D. Power. “We are joining a firm with the resources and motivation we need to accelerate our growth, bolster our competitive position, and broaden our global footprint. We believe that XIO Group is the ideal partner to help us expand our data and analytics capabilities globally, enhancing our customer solutions and meeting our clients’ needs in an increasingly mobile, connected world.”
Carsten Geyer, Partner of XIO Group, commented, “The acquisition of J.D. Power underscores our focus of investing in market-leading businesses in North America and Europe with untapped potential for global expansion, and helping companies to capitalize on these opportunities in high growth markets. J.D. Power is a perfect fit for this strategy and we have been impressed and appreciative of the company’s efficiency in establishing a standalone business and enabling a smooth transition ahead of executing new and exciting growth strategies.”Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.