Hanley Wood | Meyers Research Announce Acquisition of Satellite Imagery Company Bird.i
April 6, 2020
COSTA MESA, Calif., April 6, 2020 - Hanley Wood | Meyers Research, the housing industry's foremost advisors and provider of rich data, today announced it acquired Bird.i, a Scotland-based company that combines the latest satellite imagery and artificial intelligence (AI) technology to provide valuable land and building insights.
Bird.i's imagery processing technology shows how things are changing on the ground, allowing for more timely, better informed decision-making throughout the building process, providing a competitive advantage for users. The Bird.i data platform will be available for Hanley Wood | Meyers Research customers this month, so its current clients can take advantage of real-time imagery. Additionally, Bird.i will be integrated in Metrostudy and Zonda – the respective data products of Hanley Wood and Meyers Research – later this year.
"By merging Bird.i's satellite imagery and insights derived from it with our rich data on Zonda and Metrostudy, we will be powering the future of the housing industry," said Hanley Wood | Meyers Research CEO Jeff Meyers. "We'll be able to create incredible efficiencies and deliver new solutions for our customers that are even faster and easier than ever before."
Satellite imagery is a major catalyst for the development of advanced capabilities that make it possible for builders, developers, contractors and more to accurately and securely obtain real-time data on land and construction changes. The state-of-the-art data can be tailored to the unique needs of Hanley Wood | Meyers Research clients and can have an enormous impact in areas including land procurement, design, supply chain and more.
Hanley Wood | Meyers Research COO Andy Reid commented, "Even small inaccuracies can affect future decision-making in the construction process, which is why we truly understand the importance of leveraging Bird.i's modern technology to track activity from the sky. We look forward to building on the great work by Bird.i with its trailblazing data analytics platform evolving our data and analytical research offerings."
"Bird.i is pioneering the democratization of satellite imagery, and the insight it contains, with a strong focus on the construction sector," said Bird.i's founder and CEO Corentin Guillo. "Joining forces with Hanley Wood | Meyers Research is a super exciting opportunity to take it to the housing market, driven by a visionary leadership team and a long-term growth ambition aligned with Bird.i's original vision."
MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, is the controlling shareholder of Hanley Wood | Meyers Research.
Bird.i is a big data analytics company which uses the latest artificial intelligence technology onto earth observation imagery acquired by satellite and airborne. It has built a unique data analytics platform which disseminate in real-time the most up-to-date imagery and the insight it contains. Applied to the construction sector, it allows for more accurate and granular tracking of real estate projects, resulting in better forward planning and decision making. To learn more, visit hibirdi.com.
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About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages over $7.5 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of September 30, 2020.
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