IHS Inc., a leading global source of critical information and insight, has completed its acquisition of the Oil Price Information Service (OPIS), an internationally referenced pricing reporting agency that serves the oil, natural gas and biofuels industries. IHS announced its intent to acquire OPIS on 11 January 2016, which closed on 10 February 2016.
OPIS is the most complete source for US refined petroleum pricing data, news and analytics. OPIS information primarily serves the downstream energy market and helps to further diversify the IHS Energy portfolio.
OPIS will remain headquartered in Gaithersburg, Maryland and was represented by Centerview Partners. The company employs 290 people and was previously owned by UCG, a privately held portfolio of business information, software and technology companies.
Adapted from press release by Francesca Brindle
