Verisk Analytics has signed an agreement to acquire 3E Company, a provider of services that help companies comply with government-mandated environmental health and safety (EH&S) requirements relating to workplace safety and product stewardship.
The purchase price will be $110m, and the transaction is expected to close in December, subject to the completion of customary closing conditions, including receipt of 3E shareholder and regulatory approvals.
In addition, Verisk Analytics has appointed Bob Christie, who has headed 3E since 2004 to lead the company. Christie has had a distinguished 25-year career, including senior-level positions at Thomson and McGraw-Hill.
Verisk COO Scott Stephenson said that with a high client retention rate, 3E has proven itself a valuable environmental health and safety risk mitigation resource for business continuity, product life cycle management, and other business needs.
“3E provides an excellent platform consistent with Verisk’s historical expertise in regulatory and compliance matters and with our focus on supply chain solutions, Stephenson said.