Divestiture • Information Services

Equifax Acquires The Food Industry Credit Bureau

On February 1, 2023, Equifax acquired information services company The Food Industry Credit Bureau from Profile Credit

Acquisition Context
  • This is Equifax’s 6th transaction in the Information Services sector.
  • This is Equifax’s 1st transaction in Canada.
  • This is Equifax’s 1st transaction in Quebec.

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M&A Deal Summary

Date February 1, 2023
Target The Food Industry Credit Bureau
Sector Information Services
Buyer(s) Equifax
Sellers(s) Profile Credit
Deal Type Divestiture

Target Company

The Food Industry Credit Bureau

Montreal, Quebec, Canada
The Food Industry Credit Bureau is partnership with over 1,000 companies, such as food and beverage service providers, meat and poultry processing, and distribution to provide up-to-date credit data on over 200,000 businesses.
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Buyer Overview 1

Buyer

Equifax

Atlanta, Georgia, United States

Category Company
Founded 1899
Sector Information Services
Employees14,700
Revenue 5.7B USD (2024)
DESCRIPTION
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.

Equifax is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. Equifax has a large and diversified group of clients, including financial institutions, corporations, governments and individuals. Equifax's products and services are based on comprehensive databases of consumer and business information derived from numerous types of credit, financial assets, telecommunications and utility payment, employment, income, public record, demographic and marketing data. Equifax was founded in 1899 and is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 37 of 38
Sector: Information Services 6 of 7
Type: Divestiture 5 of 5
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Midigator

American Fork, Utah, United States

Midigator is a fully-automated software platform to prevent, analyze and manage payment card chargebacks. Midigator was founded in 2013 and is based in American Fork, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Boa Vista Servicos

Sao Paulo, Brazil

Boa Vista Services is a credit information bureau control in Brazil, serving more than 1.2 million direct and indirect customers and with over seven million queries per day. Boa Vista Servicos was founded in 2010 and is based in Sao Paulo, Brazil.

Buy $596M

Seller Profile 1

SELLER

Profile Credit

Montreal, Quebec, Canada

Category Company
Founded 1991
Sector Business Services
DESCRIPTION

Profile Credit is a provider of credit information for the food and agricultural industries. Profile Credit was founded in 1991 and is based in Montreal, Quebec.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Services 1 of 1
Type: Divestiture 1 of 1
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2023 1 of 1