Crisil to acquire McKinsey’s PriceMetrix in Canada

Core Insights - Crisil, part of S&P Global, has agreed to acquire PriceMetrix, a Toronto-based benchmarking and analytics business owned by McKinsey, with financial details undisclosed [1] - PriceMetrix provides data and performance benchmarks to wealth managers in the US and Canada, covering approximately $8 trillion in assets under management and around 30 million accounts [1][2] - The acquisition includes PriceMetrix's tools such as ValueOne, FeeCheck, CommissionCheck, and SignalOne, along with advisory offerings and surveys for the North American wealth management market [2] Company Integration - Following the acquisition, PriceMetrix will be integrated into Crisil Coalition Greenwich, and its staff will transition to Crisil [2] - McKinsey will maintain access to PriceMetrix insights for its advisory services [2] Strategic Positioning - Crisil's CEO, Amish Mehta, stated that this acquisition enhances Crisil's position as a leading provider of benchmarking and analytics in financial services, leveraging PriceMetrix's expertise and data assets [3] - The transaction is expected to finalize in the coming months, pending customary closing conditions [3] Acknowledgment from McKinsey - Jonathan Godsall, a senior partner at McKinsey, acknowledged PriceMetrix's significant role in their wealth and asset management practice and expressed gratitude towards the team and clients involved [4][5]