Global analytics firm CRISIL, mainly owned by S&P Global, will expand its offerings into Australia and New Zealand through the A$6.15 million acquisition of Peter Lee Associates Pty Ltd.

The company has agreed to acquire the Australian research and consulting firm, which will complement its existing portfolio.

The acquisition consideration will be paid in cash, and the transaction is expected to close within the next three months, subject to customary closing conditions.

The acquisition will be made through CRISIL Irevna Australia Pty ltd, a wholly owned subsidiary of CRISIL.

“This transaction will accelerate CRISIL’s strategy in the Asia-Pacific region to become a foremost player in the growing market,” said Amish Mehta, Managing Director and CEO of CRISIL.

Established in 2004, Peter Lee is headquartered in Australia with branches in New Zealand. The firm delivers benchmark research projects in banking, markets and investment management to the financial services industry in Australia and New Zealand.

For the past three financial years to June, Peter Lee reported revenues of $3.2 million, $3 million and $2.4 million, respectively, starting with the most recent year.

CRISIL’s last acquisition was in December 2019, when it acquired 100% of Greenwich Associates LLC. The transaction closed in February 2020.

Shares of CRISIL have been up 9% over the past 12 months.