ICG Group (ICGE) Acquires All of MSDSonline in $48M Deal
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ICG Group, Inc. (Nasdaq: ICGE) today announced that it has acquired MSDSonline Inc.
Based in Chicago, MSDSonline offers a suite of cost-effective, cloud-based solutions that help environmental, health and safety (EH&S) professionals more efficiently manage and reduce potential workplace and environmental hazards as part of their overall social responsibility and compliance programs.
ICG paid approximately $48 million for a 96% primary ownership stake, with MSDSonline management owning the residual. MSDSonline was breakeven on approximately $13 million of 2011 revenue and expects 2012 revenue of approximately $16 million, with increased profitability anticipated as it invests for growth.
Based in Chicago, MSDSonline offers a suite of cost-effective, cloud-based solutions that help environmental, health and safety (EH&S) professionals more efficiently manage and reduce potential workplace and environmental hazards as part of their overall social responsibility and compliance programs.
ICG paid approximately $48 million for a 96% primary ownership stake, with MSDSonline management owning the residual. MSDSonline was breakeven on approximately $13 million of 2011 revenue and expects 2012 revenue of approximately $16 million, with increased profitability anticipated as it invests for growth.
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