MSCI Inc. announced the acquisition of First Street, a provider of physics-based climate risk data.
The transaction includes a $120 million cash payment at closing. Additional payments may follow over the next two years based on specific revenue targets.
The deal is expected to close in the third quarter of 2026, pending regulatory approvals.
This move integrates granular physical climate risk data into MSCI’s Sustainability and Climate segment. The acquisition addresses rising investor demand for tools to assess the financial impact of climate change on global assets. It also helps companies comply with expanding regulatory reporting requirements.