Marshall & Swift/Boeckh (MSB) Announces Agreement To Be Purchased

MILWAUKEE, Nov. 5, 2010 /PRNewswire/ -- Marshall & Swift/Boeckh (MSB) today announced that MacDonald Dettwiler and Associates (MDA) has signed definitive agreements to sell MSB to TPG Capital (TPG) – a well known global investment firm with $47 billion in assets under management and with strong experience supporting companies in the insurance and financial services marketspace.  The transaction is slated to close late in 2010 or early 2011, subject to customary approvals.

"MSB has achieved outstanding growth working with MDA and now looks forward to continued success while partnering with TPG," said Salil Donde, CEO of MSB.  "TPG is fully supportive of and in total congruence with our business and strategic plans.  We will continue delivering world class property estimating solutions and thought leadership to the markets we serve," Mr. Donde confirmed.  "MSB has provided value - added benefits to our customers for over 80 years and will continue providing the same great service, delivered by the same great people with continued focus on our core offerings and product roadmap," concluded Mr. Donde.

About Marshall & Swift/Boeckh

Marshall & Swift / Boeckh (MSB) is the leading supplier of local building cost information as well as residential and commercial property valuation technology and services in the United States and Canada.  Services also include MSB's InFocus Analytics, business intelligence, and industry leading "outsourcing" solutions.   MSB has five offices throughout the U.S. and Canada. 

About MDA

MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.  Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.  Information about the transaction is available at www.mdacorporation.com.

SOURCE Marshall & Swift/Boeckh