Marshall & Swift/Boeckh (MSB) recently announced that MacDonald Dettwiler and Associates (MDA) has signed definitive agreements to sell MSB to TPG Capital (TPG), a global investment firm with $47 billion in assets under management and with strong experience supporting companies in the insurance and financial services marketspace. The transaction is slated to close late in 2010 or early 2011, subject to customary approvals.
"MSB has achieved outstanding growth working with MDA and now looks forward to continued success while partnering with TPG," says Salil Donde, CEO of MSB. "TPG is fully supportive of and in total congruence with our business and strategic plans. We will continue delivering world class property estimating solutions and thought leadership to the markets we serve."
21 2-resize-380x300-resize-380x300-resize-380x30050-crop-215x144.jpg)
