IHS 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 rates. 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
- IHS acquires Fekete Associates Posted on April 8, 2013
- IHS Acquires IMS Research for $46M Posted on March 22, 2012
- IHS closes three acquisitions: Posted on March 5, 2012
- IHS makes five acquisitions – CMAI, ODS-Petrodata, Dyadem International, EIATrack & CSM South America Posted on June 14, 2011