IRI and NPD complete merger
The merger brings together colleagues across the globe to offer more than 7,000 clients a comprehensive, accurate view of consumer behavior and total retail purchasing and consumption trends across a broad range of industries.
"We are thrilled to merge our two great companies and create an even stronger organization together," said Kirk Perry, President and CEO. The combined company will empower brands and retailers to collaborate, better service their customers, respond to trends and leverage more powerful insights to drive growth.
"Our combination sets a new standard, raising the bar for innovative technology, rich insights and data-driven advisory services across industries. As one company, our world-class team will offer a total store read and greater share of consumer wallets and stomachs. The possibilities for our clients, our people and our company are endless," he added.
Together, IRI and NPD have deep sector knowledge, leading data assets and strategic retail relationships in more than 20 industries, including CPG, softlines, hardlines, beauty, technology, foodservice and food consumption. Their unparalleled insight capabilities will be powered by the industry-leading technology and data visualization platform, Liquid Data.
Tod Johnson, Chairman of the board of directors, added, "Our combined company is best-positioned to support our wide variety of retailer and manufacturer clients around the world with comprehensive and powerful insights to help them navigate the continually evolving consumer landscape."
The combined company's executive leadership team will be led by President and CEO Kirk Perry, as well as senior leaders from both IRI and NPD. Its Board of Directors will be led by Chairman Tod Johnson and include Kirk Perry, former NPD CEO Karyn Schoenbart, former IRI chairman Jeff Ansell and representatives from H&F, Vestar and NMC.
H&F, a premier global private equity firm, is the majority investor in the combined company. Vestar Capital Partners ("Vestar") and New Mountain Capital ("NMC"), which were long-term investors in IRI, retain significant investments in the combined company.
A unified name and brand for the combined company will be announced at a later date.