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John S. Herold joins IHS family |
October 2007 - Issue 10 - Volume 25 |
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IHS, information provider for the E&P and investing community, is acquiring the US-based research company John S. Herold, which provides in-depth analyses and key financial and operational data on more than 400 global oil and gas companies.
IHS acquired Herold for approximately $48 million in an all-cash transaction. IHS expects the acquisition to be accretive to both EBITDA margins and adjusted EPS in 2008. Ron Mobed, president and COO, IHS Energy, said: ‘John S. Herold shares with IHS a vision to provide high-quality critical information and insight, and adds commercial evaluations and company fundamental analyses to the extensive IHS oil and gas industry data, technical evaluations and research.’ Herold, founded in 1948, provides online transaction databases and deal analyses to help understanding and executing energy mergers and acquisitions and capital markets transactions. Its client base is comprised of virtually every major oil and gas company, the world’s leading commercial and investment banks, and top institutional and investment money managers. It also serves clients with focused consulting services and the annual Pacesetters Energy Conference.
Art Smith, chairman and CEO of John S. Herold, said: ‘The data, information, and research capabilities of Herold and IHS are natural and complementary and will enable critical insights from the wellhead to Wall Street. Importantly, the extensive well- and field-level data from IHS will enhance Herold’s research, valuation, and project analyses and allow Herold, as a business unit of IHS, to better serve our collective clients.’ |
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