D.A. Davidson Acts as Exclusive Financial Advisor to Verisk on its Sale of AER to JANUS Research Group

WASHINGTON--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, on the sale of its Atmospheric and Environmental Research (“AER”) business to JANUS Research Group (“JANUS”). JANUS is a portfolio company of CM Equity Partners.

Founded in 1977, AER provides science-based solutions and actionable intelligence to global corporations, research universities, and government agencies, including the U.S. Department of Defense (“DoD”), U.S. Air Force Research Lab, National Aeronautics and Space Administration (“NASA”), and National Oceanic and Atmospheric Administration (“NOAA”), to anticipate, manage, react to, and prepare for weather, climate, and space-based risks.

"The AER team is very proud of our deep heritage and world-class capabilities in remote sensing, radiative transfer, oceanography, space weather, and climate analytics," stated Guy Seeley, President of AER. “We remain dedicated to advancing the scientific understanding of the atmosphere, ocean, and space environment, to successfully transition science to operations for our customers. AER is thrilled to join forces with JANUS and leverage their deep capabilities in data science and AI/ML solutions to further strengthen JANUS’ ongoing delivery of mission-critical solutions.”

“We are very appreciative of D.A. Davidson’s support on this transaction. They were intimately involved from start to finish during the sale process, and their deep relationships and industry expertise helped ensure a successful outcome,” said Yang Chen, Head of Corporate Development and Strategy, at Verisk.

“It was a great pleasure for us to have served as Verisk’s exclusive advisor on the sale of AER, and we’re grateful to have played a unique role in this latest chapter of AER’s rich history. We believe the combination of AER and JANUS creates a truly unique research and development organization with complementary technical, engineering, and domain expertise to deliver full life-cycle services and enduring solutions across high-profile Federal, DoD, and commercial customers,” said Toby Albright, Managing Director at D.A. Davidson.

The transaction represents another successful closing by D.A. Davidson’s Diversified Industrials Investment Banking Group and highlights the ongoing momentum in Davidson’s Aerospace, Defense, and Government Services practice.

D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology.

About D.A. Davidson

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha, and Seattle, the company has approximately 1,600 employees and offices in 30 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com.