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S&P Global - Wikipedia
S&P Global - Wikipedia
S&P Global
S&P Global Inc. (prior to April 2016 McGraw Hill Financial,
Inc., and prior to 2013 McGraw–Hill Companies) is an S&P Global Inc.
American publicly traded corporation headquartered in
Manhattan, New York City. Its primary areas of business are
financial information and analytics. It is the parent company of
S&P Global Ratings, S&P Global Market Intelligence, and S&P Formerly McGraw–Hill, Inc.
Global Platts, CRISIL, and is the majority owner of the S&P Dow (1964–1995)
Jones Indices joint venture. "S&P" is a shortening of "Standard McGraw–Hill
and Poor's". Companies (1995–
2013)
McGraw Hill
Contents Financial, Inc.
(2013–2016)
Corporate history Type Public
Corporate organization Traded as NYSE: SPGI (http
S&P Global Ratings s://www.nyse.com/q
S&P Global Market Intelligence uote/XNYS:SPGI)
S&P Dow Jones Indices S&P 500
S&P Global Platts Component
Presidents of the company Industry Financial services
Acquisitions Predecessor The McGraw–Hill
Book/Publishing
Divestitures
Companies
McGraw–Hill Building (Formerly The
Connection to the family of George W. Bush McGraw Publishing
Company and The
McGraw–Hill Federal Credit Union
Hill Book Company)
Awards Founded 1917
References
Founders James H. McGraw
External links John A. Hill
Headquarters Manhattan, New
Corporate history York City, New
York, U.S.
The predecessor companies of S&P Global have history dating to Area served Worldwide
1888, when James H. McGraw purchased the American Journal Key people Douglas L.
of Railway Appliances. He continued to add further publications, Peterson
In 1909 both men, having known each other's interests, agreed (2017)[1]
upon an alliance and combined the book departments of their Operating US$2.610 billion
publishing companies into The McGraw–Hill Book Company. income (2017)[1]
John Hill served as president, with James McGraw as vice-
Net income US$1.496 billion
president. In 1917, the remaining parts of each business were
(2017)[1]
merged into The McGraw–Hill Publishing Company.[5]
Total assets US$9.425 billion
In 1964, after Hill died, both McGraw–Hill Publishing Company (2017)[2]
and McGraw–Hill Book Company merged into McGraw–Hill, Total equity US$711 million
Inc. McGraw–Hill purchased credit rating agency Standard & (2017)[2]
Poor's from Paul Talbot Babson in 1966.
Number of 22,500[3] (2020)
In 1979, McGraw–Hill purchased Byte magazine from its employees
owner/publisher Virginia Williamson, who then became a vice- Subsidiaries S&P Global Ratings
president of McGraw–Hill. S&P Global Platts
[4]
Hill and ABC; however, that station had to wait for its affiliation
contract with CBS to expire in March 1996, before it could finally
switch to ABC).[7]
In 1995, McGraw–Hill, Inc. became The McGraw–Hill Companies, Inc. as part of a corporate
rebranding.[8]
In 2007, McGraw–Hill launched an online study network, GradeGuru.com, which gave McGraw–Hill
an opportunity to connect directly with its end users, the students. The site closed on April 29,
2012.[9]
On October 3, 2011, McGraw–Hill announced it was selling its entire television station group to the E.
W. Scripps Company for $212 million.[10] The sale was completed on December 30, 2011. It had been
involved in broadcasting since 1972, when it purchased four television stations from a division of
Time Inc. The sale included McGraw–Hill Broadcasting's stations KERO-TV and KZKC-LP
Bakersfield; KGTV and KZSD-LP San Diego; KZCS-LP Colorado Springs; flagship station KMGH-TV
and KZCO-LD Denver; KZFC-LP Fort Collins; and WRTV Indianapolis.
On November 26, 2012, McGraw–Hill announced it was selling its entire education division, known
as McGraw–Hill Education to Apollo Global Management for $2.5 billion.[11] On March 22, 2013,
McGraw–Hill announced it had completed the sale for $2.4 billion cash.[12]
On May 1, 2013, shareholders of McGraw–Hill voted to change the company's name to McGraw Hill
Financial.[13]
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McGraw–Hill divested the subsidiary McGraw–Hill Construction to Symphony Technology Group for
US$320 million on September 22, 2014.[14] The sale included Engineering News-Record,
Architectural Record, Dodge and Sweet's.[15] McGraw–Hill Construction has been renamed Dodge
Data & Analytics.[16]
In February 2016, McGraw–Hill announced that McGraw–Hill Financial would change its name to
S&P Global Inc. by the end of April 2016.[17] The company officially changed its name following a
shareholder vote on April 27, 2016.[18]
In April 2016, McGraw–Hill announced it was selling J.D. Power and Associates to investment firm
XIO Group for $1.1 billion.[19]
On August 3, 2020, S&P Global Platts launched S&P Global Platts Analytics fundamental oil
information on the redesigned S&P Global Platts Developer Platform. The Platts Developer Platform
offers customers with quick exposure to product price databases, business statistics and insights at
the pace of market changes.[20]
In November 2020, S&P Global has agreed to acquire IHS Markit analytics company in a $44 billion
transaction. The arrangement would give S&P Global shareholders almost 68% of the merged
company.[21][22]
Corporate organization
S&P Global now organizes its businesses in four units based on the market in which they are
involved.[23]
S&P Global Ratings provides independent investment research including ratings on various
investment instruments.
S&P Global Market Intelligence is a provider of multi-asset class and real-time data, research, news
and analytics to institutional investors, investment and commercial banks, insurance companies,
investment advisors and wealth managers, corporations, and universities. Subsidiaries include
Leveraged Commentary & Data and Panjiva.
Launched on July 2, 2012, S&P Dow Jones Indices is the world's largest global resource for index-
based concepts, data, and research. It produces the S&P 500 and the Dow Jones Industrial
Average.[24][25]
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S&P Dow Jones Indices calculates over 830,000 indices, publishes benchmarks that provide the basis
for 575 ETFs globally with $387 billion in assets invested, and serves as the DNA for $1.5 trillion of
the world's indexed assets.
Headquartered in London, S&P Global Platts is a provider of information and a source of benchmark
price assessments for the commodities, energy, petrochemicals, metals, and agriculture markets. It
has offices in more than 15 cities, including major energy centres such as London, Dubai, Singapore,
and Houston, and international business centres such as São Paulo, Shanghai, and New York City.
Acquisitions
During the course of its history, McGraw Hill and from 2016 S&P Global has expanded significantly
through acquisition, not just within the publishing industry but also into other areas such as financial
services (the purchase of Standard & Poor's in 1966) and broadcasting (the 1972 acquisition of Time-
Life Broadcasting). The publishing and education assets are a part of McGraw–Hill Education from
the company separation in 2013.
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Date of
Asset acquired Industry
acquisition
Note that this list only includes acquisitions made by McGraw–Hill, not its subsidiaries. McGraw–Hill
typically does not release financial information regarding its acquisitions or divestitures.
Divestitures
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After acquiring a portfolio of diverse companies, McGraw Hill later divested itself of many units to
form McGraw Hill Financial which is now S&P Global.
Note that this list only includes divestitures made by McGraw–Hill, not its subsidiaries.
McGraw–Hill Building
The company was based at 1221 Avenue of the Americas until July
2015.[4]
The predecessor company McGraw Hill Inc. had been
based at 330 West 42nd Street and both have been known as The
McGraw–Hill Building, a name originally used for a prior
headquarters at 469 Tenth Avenue.
Awards
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In 1999, the National Building Museum presented the McGraw–Hill Companies with its annual
Honor Award for the corporation's contributions to the built environment.[51]
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4. Martin, Timothy W. (2015-07-08). "McGraw Hill Moves Downtown, Says Goodbye to Namesake
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External links
Official website (https://www.spglobal.com/)
Business data for S&P Global: Google Finance (https://www.google.com/finance?q=SPGI) ·
Yahoo! Finance (https://finance.yahoo.com/q?s=SPGI) · SEC filings (https://www.sec.gov/cgi-bin/
browse-edgar?action=getcompany&CIK=SPGI)
Digital Engineering Library (http://www.digitalengineeringlibrary.com/)
McGraw–Hill Construction (http://www.construction.com/)
Platts Energy, Metals & Petrochemicals Data (http://www.platts.com/)
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