The McGraw-Hill Companies has signed an agreement to acquire J.D. Power and Associates, a global marketing information services organization. The transaction, which is subject to Hart-Scott-Rodino regulatory review, is expected to close in April. Terms were not disclosed.
J.D. Power and Associates, founded in 1968 by J.D. Power III, provides an independent source of marketing information to consumers and businesses worldwide. J.D. Power III will remain actively involved in the strategic direction of the operation, and Stephen Goodall will continue to serve as J.D. Power and Associates president, with responsibility for day-to-day operations. The company, which includes the Power Information Network, LLC will maintain its Westlake Village, California, headquarters as well as its other regional offices.