M&A Deal Summary

Verisk Acquires Power Advocate

On November 30, 2017, Verisk acquired business services company Power Advocate for 200M USD

Acquisition Highlights
  • This is Verisk’s 4th transaction in the Business Services sector.
  • This is Verisk’s 6th largest (disclosed) transaction.
  • This is Verisk’s 15th transaction in the United States.
  • This is Verisk’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2017-11-30
Target Power Advocate
Sector Business Services
Buyer(s) Verisk
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Power Advocate

Boston, Massachusetts, United States
Power Advocate, Inc. is a provider of market, cost intelligence, and supply chain solutions serving the energy sector. Power Advocate, Inc. was founded in 1999 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Verisk

Jersey City, New Jersey, United States
Category Company
Founded 1971
Sector Information Technology
Employees7,500
Revenue 2.7B USD (2023)
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 27 of 38
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 26 of 34
State (Massachusetts) 4 of 4
Country (United States) 15 of 21
Year (2017) 9 of 9
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Rebmark Legal Solutions

Sheffield, United Kingdom

Rebmark Legal Solutions Ltd. is a developer of loss calculation software for injury claims to the legal sector. Rebmark Legal Solutions Ltd. was founded in 2008 and is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Validus-IVC

Norwich, United Kingdom

Validus-IVC Ltd. is a business specialising in claims management and counter fraud software services for the motor insurance industry. Validus-IVC Ltd. was founded in 2006 and is based in Norwich, United Kingdom.

Buy -
Mergr

Product

Company

Legal