Milwaukee-based Marshall & Swift/Boeckh, a supplier of local building cost information and residential and commercial property valuation technology and services, was acquired by TPG Capital, a San Francisco-based private equity fund.
MacDonald Dettwiler and Associates, a Richmond, B.C., Canada-based data technology company, previously owned MSB. Terms of the deal were not disclosed.
"TPG is fully supportive of and in total congruence with our business and strategic plans and we are excited about our future prospects with this new partnership," Salil Donde, CEO of MSB, said in a statement. "We will continue delivering world-class property estimating solutions and thought leadership to the markets we serve."
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio