Industry Update: Business Services
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Business Services industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On October 31, 2022, Verisk, a leading global data analytics provider, and Veritas Capital announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Verisk’s Energy business, Wood Mackenzie, for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million.
- On September 1, 2022, FLEETCOR Technologies, a global leader in business payments and processes, completed the acquisition of PlugSurfing GmbH, which provides mobile solutions for EV drivers and charging stations, for approximately $75 million.