|Industry||Financial services, Media|
1987as S&L Securities LP
|Headquarters||Charlottesville, Virginia, U.S.|
|Key people||Mike Chinn, President & CEO
Nick Cafferillo, COO
|Revenue||$136.7 million (2011)|
|Owner(s)||New Mountain Capital and company management|
SNL Financial LC is a financial information firm headquartered in Charlottesville, Virginia, United States. SNL Financial collects, standardizes and disseminates all relevant corporate, financial, market and M&A data — plus news and analysis — for the industries they cover: banking, financial services, insurance, real estate, energy and media/communications.
SNL Financial was originally founded as "S&L Securities" in New Jersey in 1987 with an initial focus on the savings and loan industry. But state law would not permit the incorporation of a non-bank with "S&L" in the official company name. So the "&" was replaced with an "N" to create "SNL."
SNL is a sector-focused financial information firm, serving more than 5,000 client companies and 100,000 users worldwide. The firm covers data of more than 6,500 public companies and over 50,000 private companies in these industries: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications (also known as SNL Kagan).
SNL’s products include an online database with real-time news and analytical tools; investor relations Web site hosting; electronic newsletters; and printed data publications. SNL’s client base includes investment banks, investment managers, corporate executives, ratings agencies, government bodies, consulting firms and law firms who use SNL’s information for business intelligence and analysis.
SNL Financial was founded in 1987 in Hoboken, New Jersey by Reid and Jessica Nagle; Reid is still the company’s chairman. SNL began coverage of the thrift industry that same year, then launched coverage of banks in 1989 when it moved to its current headquarters in Charlottesville, Virginia. In 1992, Inc. Magazine recognized SNL as one of America’s 500 fastest-growing private companies.
SNL added coverage of non-bank financial sectors in 1993; real estate in 1994; insurance in 1997; and energy in 2000. Also in 2000, Mike Chinn became company president after starting his SNL career in 1994.
In 2001, SNL launched SNL IR Solutions, its investor relations Web site hosting service. SNL acquired Y-Merge in 2002, headed by Will Pappas who subsequently joined SNL’s board and became Managing Director of Sales.
SNL started expanding its operations globally in 2003 by establishing an office in India, followed by office openings in Pakistan (2005) and London (2007). In the U.S., SNL established an Arlington, Virginia office in 2004 following its acquisition of Io Energy LLC, and a Jersey City, New Jersey office in 2005 following its acquisition of Regulatory Research Associates, Inc. SNL opened a Boston, Massachusetts office in 2008, a Boulder, Colorado office in 2009 and a Richmond, Virginia office in 2010.
After launching coverage of the media & communications sector in 2006, SNL acquiried Kagan Research, a long-time provider of proprietary analysis on the media industry, forming SNL Kagan with an accompanying office in Monterey, California. 
SNL expanded its information service outside of the U.S. in 2007 by including coverage of the public real estate market in Europe and the Asia-Pacific region.
On July 26, 2011, SNL Financial announced that New Mountain Capital had acquired a majority equity stake in the company In August, SNL Financial was named for the fourth year running to Inc. Magazine's Inc. 5000 List, a ranking of the fastest growing private companies in the U.S. On September 28, 2011, SNL Financial acquired Highline Data from Summit Business Media. This transaction positioned SNL Insurance, a division of SNL, as the new standard for insurance information. On November 17, 2011, SNL Financial acquired Datatrac's interest rate data products, further strengthening SNL's product for financial institutions.
2012 marked SNL Financial's 25th anniversary. SNL's product offerings continued to expand with three acquisitions to date. First, a March 19 acquisition of MediaCensus, the flagship data product from MediaBiz. Then on July 11, SNL Financial announced the acquisition of SwiftKnowledge, a leading web-based bank reporting and analysis application, and simultaneous launch of SNLBanker. SNL's third acquisition in 2012 was announced on October 17, in which SNL entered the metals & mining sector through the acquisition of Metals Economics Group (MEG), a leading provider of global mining industry information and analysis. The new division of SNL was named SNL Metals Economics Group. 2012 also marked SNL Financial's expansion into the Asia-Pacific region, with new offices opened in Hong Kong, Singapore and Manila. As of August 21, 2012, SNL Financial was named one of Inc. 5000's Fast Growing Companies for the fifth consecutive year.
In August of 2013, SNL Kagan acquired Multimedia Research Group, Inc. (MRG), a leading media and technology research firm based in Scottsdale, Arizona. In so doing, SNL Kagan expanded its US and global coverage, adding proprietary research, forecasts and analytics on an expanded suite of media technologies surrounding OTT video and pay-TV in markets around the world.
SNL has 19 offices worldwide, with a current workforce of more than 2,000 employees.
- New York City
- Jersey City, New Jersey
- Monterey, California
- Arlington County, Virginia
- Richmond, Virginia
- Boston, Massachusetts
- Boulder, Colorado
- Denver, Colorado
- Milwaukee, Wisconsin
- Minneapolis, Minnesota
- Scottsdale, Arizona
- Islamabad, Pakistan
- London, United Kingdom
- Ahmedabad, India
- Hong Kong, China
- Manila, Philippines
- Halifax, Nova Scotia
Board of managers
SNL’s board of managers consists of:
- Mike Chinn (President & CEO of SNL Financial)
- Steven Klinsky (Managing Director, Founder & CEO of New Mountain Capital)
- Matthew Lori (Managing Director of New Mountain Capital)
- Peter Masucci (Managing Director of New Mountain Capital)
- Reid Nagle (Founder of SNL Financial)
- Brandt Sakakeeny (Founder and Managing Partner of Rockingstone Advisors LLC)
- Mike Sullivan (Chief Financial Officer of IHS Inc.)
- Robert Musselwhite (Chief Executive Officer of The Advisory Board Company)
- "Inc. 5000 company profile". Inc. Magazine. Retrieved Aug 2011.
- "SNL Home". Retrieved 22 Jun 2009.
- "BusinessWeek Company Overview". BusinessWeek. Retrieved 16 Jun 2009.
- "About SNL". Retrieved 22 Dec 2010.
- "Tod Sedgwick Sells Io Energy to SNL Financial". 18 Oct 2004. Retrieved 16 Jun 2009.
- Susan Qualtrough (2007-04-04). "SNL Financial Acquires Kagan Research". Broadcasting & Cable. Retrieved 16 Jun 2009.
- "SNL European Financial Institutions Coverage". Retrieved 22 Dec 2010.
- Erik Holm (July 26, 2011). /SB10001424053111903999904576469782226481272.html "New Mountain Buys Majority Stake In SNL Financial". The Wall Street Journal.
- "New Mountain Capital to Acquire Majority Interest in SNL Financial". press release. July 26, 2011.
- "SNL Global Offices". Retrieved 13 Oct 2009.