M&A Deal Summary

New Mountain Capital and Endicott Capital Acquire 3E

On March 14, 2022, private equity firms New Mountain Capital and Endicott Capital acquired information services company 3E from Verisk for 950M USD

Acquisition Highlights
  • This is New Mountain Capital’s 3rd and Endicott Capital’s 2nd transaction in the Information Services sector.
  • This is New Mountain Capital’s 7th and Endicott Capital’s largest (disclosed) transaction.
  • This is New Mountain Capital’s 79th and Endicott Capital’s 3rd transaction in the United States.
  • This is New Mountain Capital’s 7th and Endicott Capital’s 1st transaction in California.

M&A Deal Summary

Date 2022-03-14
Target 3E
Sector Information Services
Buyer(s) New Mountain Capital
Endicott Capital
Sellers(s) Verisk
Deal Type Divestiture
Deal Value 950M USD

Target

3E

Carlsbad, California, United States
3E is a global provider of data-driven intelligent compliance solutions in the environmental, health, safety & sustainability space. The Company has a long history of innovation that has resulted in the development of differentiated and mission-critical data assets such as global regulatory content and a proprietary database of over 10+ million safety data sheets, 3,000+ regulatory lists and 30,000+ generic classes of substances. 3E was founded in 1988 and is based in Carlsbad, California.

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Buyer(S) 2

Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 83 of 103
Sector: Information Services M&A 3 of 4
Type: Divestiture M&A Deals 4 of 7
State: California M&A 7 of 10
Country: United States M&A 79 of 98
Year: 2022 M&A 2 of 8
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Alteon Health

Germantown, Maryland, United States

Alteon Health is a provider of outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers. The company supports the highest quality healthcare delivery through patient-focused care, physician-led innovation, data-driven practices, and best-in-class healthcare partnerships. Alteon Health was founded in 1971 and is based in Germantown, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Citrin Cooperman

New York City, New York, United States

Citrin Cooperman is a professional services firm that has steadily built its business serving a diverse and loyal clientele. The company provides a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of clients wherever they do business, across the globe. Citrin Cooperman was founded in 1979 and is based in New York City, New York.

Buy -
DESCRIPTION

Endicott Group is a private equity firm focused on profitable lower-middle market companies across the US. Endicott Capital invests exclusively in technology-enabled, B2B information services companies. The Firm seeks to make majority or minority investments in businesses with $5 to $50 million in revenue, defensible business models, high barriers to entry, and recurring revenue. Endicott Group was founded in 1996 and is headquartered in New York, New York.


DEAL STATS #
Overall 4 of 9
Sector: Information Services M&A 2 of 3
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 3 of 7
Year: 2022 M&A 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 RetailStat

New York, New York, United States

RetailStat is a provider of financial, credit, and geospatial intelligence to a diverse set of customer segments, including consumer product companies, retailers, retail real estate owners and investors, and lenders. RetailStat was formed in 1957 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 MediaRadar

New York, New York, United States

MediaRadar is an advertising intelligence company that offers a suite of tools that provides sales intelligence directly to media ad sales personnel and new business development executives at agencies. The company tailors its products to support broadcasters, dotcoms, ad tech companies, magazines, newspapers, and mobile media companies. MediaRadar was founded in 2007 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

Verisk

Jersey City, New Jersey, United States

Category Company
Founded 1971
Sector Information Technology
Employees7,800
Revenue 2.9B USD (2024)
DESCRIPTION

Verisk is a source of information about risk.offer risk assessment services and decision analytics for professionals in many fields. property/casualty insurance, financial services, healthcare, government, human resources. Verisk was based in 1971 and is based in Jersey City, New Jersey.


DEAL STATS #
Overall 5 of 6
Sector: Information Services M&A 1 of 2
Type: Divestiture M&A Deals 5 of 6
State: California M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2022 M&A 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Opta Information Intelligence

Markham, Ontario, Canada

Opta Information Intelligence delivers comprehensive property intelligence and loss control services nationwide. Offering streamlined services, Opta provides access to superior data and innovative property solutions, delivering more profitable underwriting results with greater accuracy and insights than ever before. Opta Information Intelligence is based in Markham, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Wood Mackenzie

London, United Kingdom

Wood Mackenzie is a provider of commercial intelligence for the energy, metals, and mining industries. The company provides objective analysis and advice on assets, companies, and markets, giving clients the insight they need to make better strategic decisions. Wood Mackenzie was formed in 1973 and is based in London, United Kingdom.

Sell -