IHS Acquires Purvin & Gertz, Inc.
November 11 2011 - 8:30AM
Business Wire
IHS Inc. (NYSE: IHS), the leading global source of information
and analysis, today announced it has acquired Purvin & Gertz,
Inc., a well-established global advisory and market research firm
that provides technical, commercial and strategic advice to
international clients in the petroleum refining, natural gas,
natural gas liquids, crude oil and petrochemical industries.
Financial terms of the acquisition were not disclosed.
“Purvin & Gertz is an excellent strategic fit for IHS,
enabling increased depth and breadth of coverage of oil, gas,
refining and petrochemical market fundamentals, allowing us to
provide our customers with critical information and insight across
the entire energy value chain,” said IHS Chairman and Chief
Executive Officer Jerre Stead. “The type of focused, actionable
analysis and deep industry knowledge that this acquisition brings
to our product and service portfolio is critical to senior
executives and other key decision makers.”
Purvin & Gertz was founded in 1947 and provides technical,
commercial and strategic advice globally to clients in the crude
oil, petroleum refining, natural gas, natural gas liquids,
petrochemical and power generation industries, and has become a
preferred source for key energy market information, in-depth
analysis and forecasts for supply, demand and pricing of energy
product. The company offers subscription-based research, analysis
and advisory services involving short-term and long-range trends in
supply, demand, trade, prices and margins in all aspects of the
energy business. Purvin & Gertz’ worldwide professional staff
is comprised primarily of chemical engineers with an average of 20
years of individual experience in the technical and commercial
areas of the industries they serve.
“We are excited to bring our extensive experience to IHS to help
the company deliver even more comprehensive downstream energy and
petrochemical content and analysis to its customers,” said Purvin
& Gertz President William Sanderson. “Our broad, in-depth
short- and long-term forecasts of crude oil, petroleum products,
natural gas and natural gas liquids from a global perspective are
excellent complements to existing IHS upstream and chemical
products and services.”
More than 80 industry analysts and other professionals join IHS
as a result of this acquisition, further bolstering the company’s
fast-growing advisory services business, which leverages the
complete range of IHS information, research and analysis, and
software assets to help customers solve their most complex business
problems.
Following the May 2011 launch of a new suite of Economic
Strategy Solutions and the recent acquisition of Chemical Market
Associates, Inc., the advisory services business at IHS has more
than doubled in the past year, expanding its presence into new
geographic regions and adding consultants in Russia, Shanghai,
Bangkok, Singapore, Canada and Brazil. IHS now draws on more than
1,000 analysts, researchers and economists covering a variety of
industries in more than 150 countries.
"Purvin & Gertz is an excellent addition to IHS, one that
extends our upstream capabilities, strengthens our downstream
capabilities and enhances our chemical business for complete
coverage across the entire energy value chain,” said IHS Vice
President-Global Services Kevin Raby. “Our value proposition is
centered in our knowledge and ability to apply, on a customized
basis, the vast IHS proprietary information, research, analytical
frameworks, methodologies and automated software assets in our
consulting engagements. The unique combination of our research and
analysis professionals, and our proprietary information and insight
assets enables us to assist our clients in making their most
pressing, high-value and mission-critical decisions.
“With this acquisition, as well as recent geographic and
capability-based expansion of our advisory services business, IHS
is uniquely positioned to help businesses make even the most
complex resource allocation and portfolio decisions, and to develop
growth and market entry strategies that quickly seize market
opportunities,” Raby added.
Purvin & Gertz employs approximately 100 people and is
headquartered in Houston with an international network of offices
in the United States, Canada, Europe, the Middle East and Asia.
About IHS
(www.ihs.com)
IHS (NYSE: IHS) is the leading source of information and insight
in critical areas that shape today’s business landscape, including
energy and power; design and supply chain; defense, risk and
security; environmental, health and safety (EHS) and
sustainability; country and industry forecasting; and commodities,
pricing and cost. Businesses and governments in more than 165
countries around the globe rely on the comprehensive content,
expert independent analysis and flexible delivery methods of IHS to
make high-impact decisions and develop strategies with speed and
confidence. IHS has been in business since 1959 and became a
publicly traded company on the New York Stock Exchange in 2005.
Headquartered in Englewood, Colorado, USA, IHS employs more than
5,400 people in more than 30 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners.
Copyright © 2011 IHS Inc. All rights reserved.
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