SNL Financial

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SNL Financial
Private company
Industry Financial services, Media


as S&L Securities LP
Headquarters Charlottesville, Virginia, U.S.
Key people
Mike Chinn, President & CEO
Nick Cafferillo, COO
Owner McGraw Hill Financial
Number of employees
3,067 (April 2015)

SNL Financial LC is a financial information firm headquartered in Charlottesville, Virginia, United States. SNL Financial collects, standardizes and disseminates corporate, financial, market and M&A data, as well as news and analysis, for the following industries: banking, financial services, insurance, real estate, energy and media/communications.

Products and information[edit]

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[2] in these industries: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications (also known as SNL Kagan).[3]

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.[4]


SNL Financial was founded in 1987 in Hoboken, New Jersey by Reid and Jessica Nagle. SNL was originally named "S&L Securities", with an initial focus on the savings and loan industry. However, New Jersey statutes forbade the incorporation of a non-bank with "S&L" in the company name. So the "&" was replaced with an "N" to create "SNL."

SNL launched coverage of banks in 1989 when it moved to its current headquarters in Charlottesville, Virginia. 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.[4]

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.[4]

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,[5] and a Jersey City, New Jersey office in 2005 following its acquisition of Regulatory Research Associates, Inc. SNL opened a Boulder, Colorado office in 2009 and a Richmond, Virginia office in 2010.[4]

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. [6]

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.[4]

In 2008, SNL added statutory insurance data to its product offering,[4] and Inc. Magazine recognized SNL as one of America’s 500 fastest-growing private companies.

In 2011, the company launched European banking coverage. [7] On July 26, 2011, SNL Financial announced that New Mountain Capital had acquired a majority equity stake in the company[8][9] 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.

In January of 2014, SNL acquired IntierraRMG, a leading information provider in the metals and mining space with offices in Perth, Stockholm, Calgary, Vancouver & Toronto. The new brand - SNL Metals & Mining - offers expanded global coverage of mining data, news and analytics on worldwide exploration, development, production, planning, and acquisitions activity. Later in 2014, SNL Insurance acquired iPartners LLC, with an office in Atlanta, Georgia. iPartners LLC was a leader in business intelligence for the Property & Casualty and life insurance sectors. In August 2014, SNL received two honors—the company was named by Inc Magazine as one of the United State's fastest growing companies for the sixth time,[10] and SNL was also listed as one of the "Top 50 Financial Twitter Feeds You Must Follow," according to the Wall Street Journal.[11] On September 1st, 2015, McGraw Hill Financial announced that it completed the acquisition of SNL Financial. The purchase price is approximately $2.225 billion.

Global offices[edit]

SNL Financial headquarters in Charlottesville, VA

SNL has offices in 21 cities worldwide, with a current workforce of more than 3,000 employees.

Corporate headquarters are in Charlottesville, Virginia, United States. Other locations include:[12]

United States[edit]


Board of managers[edit]

SNL’s board of managers consists of:[13]

  • Mike Chinn (President & CEO of SNL Financial)
  • Peter Masucci (Chairman of the Board of SNL and a Managing Director of New Mountain Capital)
  • Reid Nagle (Founder of SNL Financial)
  • Brandt Sakakeeny (Founder and Managing Partner of Rockingstone Advisors LLC)
  • Matthew Lori (Managing Director of New Mountain Capital)
  • Robert Musslewhite (Chief Executive Officer of The Advisory Board Company)

See also[edit]


  1. ^ "Inc. 5000 company profile". Inc. Magazine. Retrieved Aug 2011. 
  2. ^ "SNL Home". Retrieved 22 Jun 2009. 
  3. ^ "BusinessWeek Company Overview". BusinessWeek. Retrieved 16 Jun 2009. 
  4. ^ a b c d e f "About SNL". Retrieved 22 Dec 2010. 
  5. ^ "Tod Sedgwick Sells Io Energy to SNL Financial". 18 Oct 2004. Retrieved 16 Jun 2009. 
  6. ^ Susan Qualtrough (2007-04-04). "SNL Financial Acquires Kagan Research". Broadcasting & Cable. Retrieved 16 Jun 2009. 
  7. ^ "SNL European Financial Institutions Coverage.". Retrieved 22 Dec 2010. 
  8. ^ Erik Holm (July 26, 2011). /SB10001424053111903999904576469782226481272.html "New Mountain Buys Majority Stake In SNL Financial" Check |url= scheme (help). The Wall Street Journal. 
  9. ^ "New Mountain Capital to Acquire Majority Interest in SNL Financial". press release. July 26, 2011. 
  10. ^
  11. ^
  12. ^ "About Us" Retrieved June 2015
  13. ^ "About Us" Retrieved June 2015