Dear Valued Customer:
I am pleased to announce that MacDonald Dettwiler and Associates (MDA) has signed definitive agreements to sell Marshall & Swift/Boeckh (MSB) to TPG Capital (TPG) - a well known global investment firm with $47 billion in assets under management and with strong experience supporting companies in the insurance and financial services marketspace. The transaction is slated to close in late 2010 or early 2011, subject to customary approvals.
As part of this agreement, no changes to management, core initiatives, business direction or product roadmaps are expected to occur at MSB. TPG is fully supportive of and in total congruence with our business and strategic plans. We will maintain our long-standing commitment to you and your organization, continuing to serve you with industry-leading property solutions, thought leadership and the years of experience our people provide. Our employees will also continue to deliver the same exceptional customer service we are known for and you have come to expect.
Over the course of the next few months, MSB will keep you informed on our progress.
Sincerely,
Salil Donde
Chief Executive Officer
Marshall & Swift/Boeckh
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