A news release said the deal for Valuemetrics offices in Chicago, New York and Atlanta enhances Duff & Phelps’ service offerings and expands its geographic coverage to the US Southeast. Deal terms were not disclosed.
“The Valuemetrics acquisition is a significant step forward as we augment our advisory services and our geographic reach,” said Noah Gottdiener, chief executive officer of Duff & Phelps, in the announcement.
According to the announcement, the acquisition complements Duff & Phelps’ team of over 100 employees in Chicago, New York, Los Angeles, San Francisco and Seattle. The transaction is the first for Duff & Phelps since March 2004, when a management team and an investor group led by private equity firm Lovell Minnick Partners LLC acquired the company from Webster Financial Corporation, according to the news release.