Wood Mackenzie Now Under Veritas Capital's Ownership Following Strategic Acquisition

Veritas Capital has finalized its purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK), marking a significant transition in the leadership and direction of the energy analytics powerhouse. The acquisition represents a strategic shift, returning the company to standalone status under a technology-focused investor with deep government sector expertise.

Who Now Owns Wood Mackenzie?

Veritas Capital, an investment firm managing over $40 billion in assets, now controls Wood Mackenzie. The acquisition positions the company within a portfolio focused on technology solutions serving both government and commercial sectors worldwide. This ownership change signals a renewed emphasis on the energy transition and renewables market expansion.

Leadership and Operational Changes

Mark Brinin has been elevated from Co-President to Chief Executive Officer, while Joe Levesque takes on the role of President & Chief Operating Officer. These leadership appointments underscore Veritas’s commitment to driving growth across Wood Mackenzie’s operations.

According to Brinin, “Returning to our roots as a standalone company while partnering with Veritas places us in a unique position. This partnership enables us to unlock greater value for our customers, whether in the established markets we’ve served for five decades or in the rapidly evolving renewables sector driving global energy transition.”

Strategic Positioning in the Energy Sector

Wood Mackenzie has spent nearly 50 years building a reputation as a globally recognized data and analytics leader in energy, renewables, and natural resources. The company’s flagship platform, Wood Mackenzie Lens©, delivers world-class analytics that drive critical decision-making for clients operating at the forefront of the energy industry.

The acquisition aligns with Veritas’s investment thesis of supporting technology-enabled companies that address critical market needs. “We’re excited to welcome Wood Mackenzie to our portfolio,” stated Ramzi Musallam, CEO and Managing Partner of Veritas. “The company is ideally positioned to expand its reach across the entire energy and renewables value chain, particularly as global markets undergo an energy transition.”

The Broader Context

Veritas’s acquisition of Wood Mackenzie reflects growing investor interest in companies providing essential data and insights for the energy transition. By combining Veritas’s operational expertise with Wood Mackenzie’s deep industry knowledge and client relationships, the partnership aims to accelerate value creation in a sector experiencing unprecedented transformation.

Morgan Stanley served as financial advisors to Verisk, with Davis Polk & Wardwell LLP providing legal support. Gibson, Dunn & Crutcher LLP acted as legal counsel to Veritas in the transaction.