J.D. Power and Associates Acquired by XIO Group

Costa Mesa-based J.D. Power and Associates, the provider of consumer research and data, has been acquired by UK-based alternative investment firm XIO Group, the two said on Wednesday, in a deal worth $1.1 billion. XIO Group acquired J.D. Power from S&P Global. The deal had previously been announced by the companies. According to XIO Group, J.D. Power will remain headquartered in Costa Mesa. XIO Group is based in London. J.D. power will continue to be led by its existing management team, according to XIO.