Marshall & Swift announced it has formed an ownership alliance with Boston Ventures, a private equity group, with the goal of an eventual management buyout of the company. With headquarters in Los Angeles and Princeton, N.J., Marshall & Swift is a major supplier of building cost content information and systems for the insurance and related industries.
CEO Bob Dowdell said that the partnership with Boston Ventures will accelerate the company’s growth and development of new products and services. The new alliance is one in a string of partnerships that Marshall & Swift has recently undertaken with McGraw Hill’s Construction Information Group, Parsons Brinkerhoff (an engineering, construction management and property inspection firm), and Oxxford an economic data systems provider). Dowdell described one of the benefits of the partnership as the opportunity to make “significant advances into the e-commerce field.”
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