PE firms in $205M buy of Shelton database company
A pair of private equity investors is acquiring EDR for $205 million, with the Shelton-based firm maintaining a database with historical information on more than 4 billion properties as a resource for property lenders, appraisers and other consultants.
Silver Lake and Battery Ventures are buying EDR from the London-based Daily Mail and General Trust, which itself bought EDR’s predecessor company in 1999.
EDR employs 220 people under CEO and Weston resident Chris Aronson.
Alex.Soule@scni.com; 203-842-2545; @casoulman