IHS to acquire global automotive information business R.L. Polk & Co. for $1.4BN

ihs_logo_mpIHS is to acquire R.L. Polk & Co., a provider of automotive information and analytics solutions for $1.4 billion. 90% cash and 10% equity. The stock issuance has a 2-year lock up. 50% of shares can be sold after year one and 100% of shares can be sold after year two

R.L. Polk is headquartered in Detroit and has $400 million of current annual revenue, 75% recurring revenue with 90%-plus renewal polkrates. 60% of its revenues come from the CARFAX brand and 40% from the Polk Division.

The company is principally focused in North America, with 9% of sales in EMEA and 3% in APAC. It has an adjusted EBITDA margin in mid-20 percent range.

USA, Englewood, CO & Detroit, MI

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