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Verisk to Acquire 3E Co. for $110M

3E Co., a provider of services that help companies comply with government-mandated environmental health and safety requirements based in Carlsbad, was acquired by Verisk Analytics Inc., an insurance data specialist based in Jersey City, N.J. for $110 million.

According to a Verisk news release on the transaction, 3E has more than 5,000 customers worldwide, including many Fortune 500 companies. It has 300 employees.

The sale is expected to close this month pending receipt of 3E shareholder and regulatory approvals.

Verisk said the transaction is expected to be neutral to the company’s adjusted earnings in 2011.

Bob Christie, who has headed 3E since 2004, will continue to lead the company, Verisk said.

Mission Ventures, a San Diego venture firm that invested $9.7 million in 3E, said it gained a profit of about four times its investment.

— Mike Allen

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