Monday, July 1, 2013
CoreLogic Buys Marshall & Swift/Boeckh And DataQuick In $661M Deal
Irvine-based CoreLogic, which provides residential property information and analytics, said this morning that it has acquired two companies, in a deal worth $661M. According to CoreLogic, it has acquired Marshall & Swift/Boeckh, a provider of building cost information, residential and commercial analytics solutions and business management services for property insurance companies, financial services organizations and the public sector. It also has acquired DataQuick Information Systems, which supplies real estate data and other information to mortgage originators and servicers, investors, and real estate professionals.
DataQuick was previously owned by Decision Insight Information Group (DIIG). CoreLogic said the acquisition of the two companies significantly expands its footprint in property and casualty insurance industry. CoreLogic was advised by Evercore Partners and O'Melveny & Myers LLP in the deal; DIIG was advised by BofA Merrill Lynch and Ropes & Gray LLP.