Quayle Munro is pleased to announce that it has advised BENTEK Energy, a privately held energy market analytics company headquartered in Evergreen, Colorado, on its sale to Platts, a leading global provider of energy and metals information and a division of The McGraw-Hill Companies, Inc.
BENTEK is widely recognized as the industry leader in natural gas market fundamental analysis and offers a comprehensive portfolio of data, information and analytics products in the natural gas and liquids sector. Its customers include the majority of the top firms in the energy industry, including independent producers, pipeline companies, and utilities, as well as industry regulators, financial institutions, and the largest energy hedge funds. In addition to its subscription-based products, BENTEK provides consulting services related to its data analysis services and hosts Benposium, a major natural gas conference on energy market trends and dynamics that attracts hundreds of industry executives, analysts, traders and investors.
The acquisition will deepen Platts’ analytical capabilities globally and enhance its coverage of the North American and European gas and related power markets. Platts’ current position in power, coal and liquefied natural gas, coupled with its global sales force, provides the opportunity to accelerate BENTEK’s plans for expanding into new commodities and international markets.
Craig Muir, Managing Director, Quayle Munro said: “The commodity and energy vertical within data and analytics is seeing significant activity and Quayle Munro is delighted to have been part of this transaction, continuing its unrivalled track record in the sector.”
Porter Bennett, CEO, BENTEK Energy said: “The Quayle Munro team did a terrific job preparing BENTEK Energy for sale, identifying compatible prospects and driving the process to a successful closing. They really know the energy information space and the key players in our market globally. I would highly recommend them.”Financial details of the transaction were not disclosed. The acquisition is expected to be completed in early 2011.