Irvine-based CoreLogic Inc. is buying a trio of data and analytics businesses from Fort Worth, Texas-based TPG Capital’s Decision Insight Information Group for a combined $661 million.
The company said last week that it agreed to buy Milwaukee-based Marshall & Swift/Boeckh, DataQuick Information Systems in La Jolla, and the credit and flood-services unit of its DataQuick Lender Solutions.
The deal is expected to close in the next three months, according to the company. It is believed to be CoreLogic’s largest acquisition to date.
The buys are part of the company’s strategy to grow its data and analytics business to make up more than half of its total revenue, according to Chief Financial Officer Frank Martell.
Marshall & Swift/Boeckh provides information on replacement costs for residential and commercial properties for the insurance industry, while DataQuick Information Systems is a property data and analytics information company.
CoreLogic had a market value of nearly $2.4 billion early last week.
―Mark Mueller
