CoStar to buy Vexcel for $730 million as Q3 profit and guidance rise

CoStar Group agreed on October 27, 2026, to acquire Vexcel Group for approximately $730 million in cash, funded with cash on hand and its existing revolving credit facility; the deal is expected to close in the first quarter of 2027, subject to regulatory approvals and other customary conditions. Vexcel generated more than $140 million in revenue over the last 12 months, while CoStar reported third-quarter revenue of $952 million, net income of $74 million and adjusted EBITDA of $229 million, and raised its full-year 2026 adjusted EBITDA guidance to $820 million-$840 million.