Mitchell International, Inc. to Merge With CCC
Information Services, Inc.
Last week, Mitchell International, Inc. (San Diego, CA) and CCC Information Services Inc. (Chicago, IL) announced plans to combine in a merger-of-equals transaction, valued at $1.4 billion. The venture will be known as CCC-Mitchell Inc., with approximately 2,000 employees and annual sales of $460 million. As a result of the transaction, the enterprise plans to better address the needs of the industries it serves, promising an expanded communication network, research and development resources, and customer services across North America.
Githesh Ramamurthy, current Chairman and CEO of CCC, will be CEO of the new venture; Alex Sun, current President and CEO of Mitchell, will serve as President.