CoreLogic (NYSE: CLGX) is paying $661 million for three units from Milwaukee, Wisc.-based Decision Insight Information Group.
CoreLogic is picking up Marshall & Swift/Boeckh, which provides residential and commercial property valuation services to the insurance industry; DataQuick Information Systems, a property data and analytics company; and the credit and flood services operations of DataQuick Lender Solutions.
Irvine, Calif.-based CoreLogic is a property information, analytics and services provider.
The deal expands CoreLogic’s footprint in property and casualty insurance, and adds to the company’s data and analytics business.
The deal is expected to close in the third quarter.
Decision Insight is backed by private equity firm TPG Capital.
Evercore Partners acted as CoreLogic’s financial adviser, while O’Melveny & Myers LLP provided legal advice. Decision Insight’s financial adviser was Bank of America Merrill Lynch, and Ropes & Gray LLP was legal counsel.
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