J.D. Power Acquired for $1.1 Billion

Apr 19, 2016

A global alternative investments firm headquartered in London has purchased J.D. Power from McGraw Hill Financial for $1.1 billion. The purchasing company, XIO Group, has operations in the U.K., Germany, Switzerland, Israel, Hong Kong, and mainland China

The parties have entered into a definitive agreement and anticipate that the transaction will close during the third quarter of 2016. Upon closing, XIO Group will support J.D. Power’s existing management team and employees in expanding the company’s market share, particularly in fast-growing Asian markets, according to the company.

“J.D. Power has built a unique and trusted brand for over 40 years and we are extremely optimistic about the long-term prospects of the company,” said Joseph Pacini, CEO of XIO Group. “The world-class management team of J.D. Power has continuously developed data-driven solutions for its blue-chip customers in order to help them better respond to consumer preferences in increasingly competitive markets. We are committed to investing in the business to keep developing innovative solutions for the company’s customers as well as expanding its presence in international markets.”

J.D. Power, headquartered in Costa Mesa, California, is a leader in consumer data and analytics that has been representing the voice of the consumer across industries since 1968. With 16 offices globally, J.D. Power’s more than 800 professionals provide transaction analytics and consumer insights for its blue-chip customer base, according to the company.

“We are thrilled that XIO Group recognizes the value of the J.D. Power brand and is committed to maintaining our core brand identity and values while helping us grow and expand,” said Fin O’Neill, president of J.D. Power.  “We believe this next chapter will allow us to increase our insights across a broader spectrum of consumer interaction, a more extensive global footprint, and an increasingly digital, connected and mobile society.”

The transaction is XIO Group’s first acquisition of a company headquartered in the U.S., following previous acquisitions of industry-leading companies located in Germany and Israel in 2015. The XIO Group team considers the acquisition of J.D. Power a landmark transaction for the firm in the North American market and a demonstration of the firm’s long-term commitment to the region.

“The acquisition of J.D. Power ideally fits XIO Group’s strategy to invest in market-leading businesses in North America and Europe with untapped potential for global expansion,” said Carsten Geyer, partner of XIO Group.