MSCI Acquires First Street for $120M
MSCI announced the acquisition of First Street, a provider of physics-based climate risk data and analytics. The transaction consideration includes a cash payment of $120M at closing, with the potential for additional cash payments during the first two years following closing if certain revenue thresholds are achieved. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. Following closing, First Street's financial results will be reported within MSCI's sustainability and climate segment.
