WoodMac sold
Feb 3 (LNGJ )- Wood Mackenzie, the UK-based energy and commodities consultancy, has been acquired by Veritas Capital, a US fund management company, for $3.1 billion in cash from Verisk, the Nasdaq-listed analytics and data company. Verisk had acquired Wood Mackenzie for $2.8Bln in 2015.
Wood Mackenzie is a leading global consultancy providing data, analytics, and insights in to the energy sector, including LNG. “This transaction best positions Verisk to expand its role as a strategic data, analytics, and technology partner to the global insurance industry,” said Lee Shavel, Verisk Chief Executive. The UK firm under Veritas ownership will be led by Mark Brinin, who has been promoted from Co-President to Chief Executive. The other Co-President Joe Levesque has been appointed as President and Chief Operating Officer.
