IHS acquires downstream market research firm Purvin & Gertz
Consultancy group IHS has acquired Purvin & Gertz, a 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 chief executive 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, it said.
Purvin & Gertz’ global 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, bolstering the company’s advisory services business, the company said.
Purvin & Gertz employs approximately 100 people and is headquartered in Houston with an international network of offices in the US, Canada, Europe, the Middle East and Asia.
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