Asset International Takes First Steps In Big Growth Plans
Company makes data insights acquisition, hires CFO.
After being bought by Genstar Capital in July, Asset International has taken its first steps toward an aggressive goal of tripling the size of the company within the next 3 to 5 years. The B2B publisher and information services provider for the investment management industry has announced the purchase of a data insights firm and the hiring of a new CFO.
Terms weren’t disclosed for the acquisition of Corporate Insights, a Canadian research business, but the property will pair with Investor Economics, a similar company AI bought last summer.
"This acquisition is just the first step in the partnership between AI and Genstar to dramatically grow organically and through acquisitions," says Tony Salewski, principal at Genstar.
Sticking to its themes of growth and acquisitions, the company also announced it’s brought on Carolyn Ullerick as chief financial officer-an exec with significant experience in managing M&A during her tenure as CFO of Reed Elsevier’s LexisNexis Group.