ICE - M&A Summary and Business Overview

Financial ServicesCompany

ICE M&A Summary

ICE has acquired 30 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 6 assets.

ICE’s largest acquisition to date was in 2022, when it acquired Black Knight for $16.0B. It’s largest disclosed sale occurred in 2017, when it sold Trayport to Tmx Group for $620M. ICE has acquired in 10 different US states, and 6 countries. The Company’s most targeted sectors include financial services (35%) and information technology (25%).

ICE Business Overview

Where is ICE headquartered?

ICE is headquartered in Atlanta, Georgia.

What is ICE’s revenue?

ICE disclosed revenue of 9,903M USD for 2023 and 9,636M USD for 2022.

How many employees does ICE have?

ICE has 8,911 employees.

What sector is ICE in?

ICE is a financial services company.

When was ICE founded?

ICE was founded in 2000.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity29
    • M&A Sell Activity6
  • Total Sectors Invested 6
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 10
  • M&A Advisors 13

ICE

Intercontinental Exchange, Inc.

5660 New Northside Drive,
Atlanta, Georgia 30328
United States,
(770) 857-4700
www.ice.com

ICE is a network of regulated exchanges and clearing houses. The company's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. ICE was formed in 2000 and is based in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 24 2 2 1 - - 29
vol $4.1B $11.0B $16.0B $31.1B
Sell (0.4/yr) # 4 - 2 - - - 6
vol $620M $620M
  35

Most Recent M&A

Company Date Value Type
Black Knight, Inc. 2022-05-04 16.0B USD Add-on Acquisition
Jacksonville, Florida · www.blackknightinc.com
RISQ Intelligent Financial Software LTD. 2021-12-09 - Add-on Acquisition
Abu Dhabi, United Arab Emirates · www.risq.info
Level 11 Analytics 2021-12-09 - Add-on Acquisition
Boston, Massachusetts · www.level11analytics.com
Euroclear SA/NV 2021-10-18 - Stake Sale
Brussels, Belgium · www.euroclear.com
Coinbase, Inc. 2021-04-14 - IPO
Wilmington, Delaware · www.coinbase.com
Ellie Mae, Inc. 2020-08-06 11.0B USD Add-on Acquisition
Pleasanton, California · www.elliemae.com
Bridge2 Solutions Inc. 2020-02-05 - Add-on Acquisition
Atlanta, Georgia · www.bridge2solutions.com
Simplifile LC 2019-05-01 335M USD Add-on Acquisition
Provo, Utah · www.simplifile.com
Chicago Stock Exchange, Inc. 2018-04-05 - Add-on Acquisition
Chicago, Illinois · www.chx.com
Creditex Securities Corp. 2018-01-02 400M USD Divestiture
New York, New York · www.kcgbondpoint.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Black Knight, Inc. 2022-05-04 Optimal Blue LLC 2023-09-15 3
Jacksonville, Florida · www.blackknightinc.com Plano, Texas · www2.optimalblue.com
Black Knight, Inc. 2022-05-04 Black Knight - Empower LOS Business 2023-03-07 2
Jacksonville, Florida · www.blackknightinc.com Jacksonville, Florida
Black Knight, Inc. 2022-05-04 TitlePoint 2022-11-18 1
Jacksonville, Florida · www.blackknightinc.com Jacksonville, Florida · www.titlepoint.com

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 10 (34%) 2.8B (9%) 2 (33%) -
Information Technology 7 (24%) 16.3B (52%) - -
Internet Software and Services 4 (14%) - 2 (33%) -
Software 4 (14%) 11.7B (37%) 1 (17%) 620M (100%)
Information Services 2 (7%) 350M (1%) 1 (17%) -
Business Services 2 (7%) - - -
Total 29 $31.1B 6 $620M

By Geo

State/Country Buy Value Sell Value
United States 19 29.7B 3 -
  New York 9 2.4B 1 -
  California 2 11.0B - -
  Georgia 1 - 1 -
  Delaware 1 - 1 -
  Florida 1 16.0B - -
  Virginia 1 - - -
  Utah 1 335M - -
  Texas 1 - - -
  Massachusetts 1 - - -
  Illinois 1 - - -
Canada 4 - - -
  Manitoba 2 - - -
  Alberta 2 - - -
United Kingdom 3 1.3B 1 620M
Belgium - - 1 -
Luxembourg 1 - - -
Netherlands - - 1 -
Singapore 1 150M - -
United Arab Emirates 1 - - -
Domestic 19 (66%) 29.7B (95%) 3 (50%) -
Cross-border 10 (34%) 1.4B (5%) 3 (50%) 620M (100%)
Total 29 $31.1B 6 $620M

Top M&A Advisors

Financial Deals
Goldman Sachs
6
Citigroup Investment Banking
4
Moelis & Co.
2
Legal Deals
Shearman & Sterling
6
Sullivan & Cromwell
2
Morgan Lewis
2

Deal Values

buy # Total
> $1B 3 $28.0B
$100M to $1B 7 $3.1B
TOTAL $31.1B
Largest Black Knight, Inc.
$16.0B (2022-05-04)
sell # Total
$100M to $1B 1 $620M
TOTAL $620M
Largest Trayport Ltd.
$620M (2017-10-27)

M&A Connections

Deals
Acquired from
Investor(s)
10%
3 (10%)
Strategic(s)
28%
8 (28%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
33%
2 (33%)

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