S&P Global Market Intelligence

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S&P Global Market Intelligence is a financial information provider, and a significant employer at its Charlottesville headquarters.

New Mountain Capital acquisition

New Mountain Capital announced in July 2011 that it acquired a majority interest in SNL. Terms were not named, but SNL founder Reid Nagle will be the second-largest shareholder as a result. [1] The company will remain headquartered in Charlottesville. [2]

McGraw Hill Financial acquisition

The company was purchased by McGraw Hill Financial in July 2015 for $2.2 billion. [3]

After the McGraw Hill Financial acquisition, SNL merged with S&P Capital IQ to form S&P Global Market Intelligence.[4]

Following a shareholder vote in April 2016, McGraw Hill Financial was rebranded as S&P Global.[5]

Other information

The company's building in Charlottesville has a green roof that was installed by Riverbend Nursery. [6]

References

  1. Web. New Mountain Buys Majority Stake In SNL Financial, Erik Holm, Wall Street Journal, retrieved July 26, 2011.
  2. Web. Office of Economic Development News - July 2011, City of Charlottesville, retrieved August 10, 2011.
  3. Web. No layoffs expected at SNL Financial in buyout, Dean Seal and Bryan McKenzie, Daily Progress, World Media Enterprises, July 28, 2015, retrieved July 28, 2015.
  4. Web. Following merger, SNL Financial gets new name, Staff Reports, Daily Progress, World Media Enterprises, 8 February 2016, retrieved 24 May 2016.
  5. Web. McGraw Hill Financial Changes Name to S&P Global Inc., PR Newswire, 27 April 2016, retrieved 24 May 2016.
  6. Web. Green roofs sprouting around community, Courtney Beale, Charlottesville Tomorrow, May 8, 2012, retrieved May 9, 2012.

External links