Morningstar, Inc. Completes Acquisition Of Leveraged Commentary & Data

Jun 01, 2022•about 3 years ago

Acquiring Company

Tire Bank Group

Acquired Company

Commentary & Data

ChicagoFinanceFinancial Services

Description

Morningstar, Inc., a leading provider of independent investment research (Nasdaq: MORN), has completed its previously announced acquisition of Leveraged Commentary & Data (LCD), a market leader in news, research, data, insights, and indexes for the leveraged finance market from S&P Global.

Company Information

Company

Tire Bank Group

Location

Chicago, Illinois, United States

About

Founded in 1991, Tire Bank is Korea's first and only dedicated tire distribution company, operating 501 stores across the country. The company has introduced a range of industry-first services, focusing on customer satisfaction. Tire Bank is also involved in community contributions through charitable initiatives.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Morningstar, Inc. Completes Acquisition Of Leveraged Commentary & Data

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Morningstar, Inc. Completes Acquisition Of Leveraged Commentary & Data

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