Veritas Capital, an private investment firm in the technology and government sectors, has acquired Wood Mackenzie from Verisk.
Wood Mackenzie provides data, analytics and insights used to power the energy, renewables and natural resources industry for nearly 50 years. Veritas will assist Wood Mackenzie as it works to drive the global transition to a more sustainable future. The acquired company will be led by Mark Brinin, who has been promoted from co-president to chief executive officer. Joe Levesque has been appointed as president and chief operating officer.
“In Veritas, we have found a strategic partner that will enable us to realise greater value for our customers, both in mature markets we have served for the last five decades, as well as in the evolving power and renewables sector which is currently driving the global energy transition,” comments Brinin.
Morgan Stanley acted as financial advisors and Davis Polk & Wardwell LLP served as legal counsel to Verisk in connection with the transaction. Gibson, Dunn & Crutcher LLP served as legal counsel to Veritas.