 |
   |
Visit min's sister site:  |
|
|
|
|
BREAKING NEWS & VIEWS
IHS Acquires Access Intelligence's Chemical Week, SRIC, Energy Daily "These complementary and primarily subscription-based assets consist of globally respected, leading brands that form a core portfolio of research, analysis, information and intelligence for the growing chemical and energy markets," said IHS chairman and CEO Jerre Stead in a statement. The companies did not disclose the purchase price. “IHS has a big position in energy but not much in chemical, so the chemical assets are core and strategic to them,” says Don Pazour, president and CEO of Access Intelligence. IHS was well-positioned to make this acquisition even in a rough environment for M&A, he says. “They are very acquisitive—they have almost no debt and they generate a lot of cash. And they pay a very good price for things.” Access Intelligence was formed in 2004 by the merger of Chemical Week Associates and PBI Media, both portfolio companies of private equity firm Veronis Suhler Stevenson. SRIC was acquired in 2004 as well. AI bought The Energy Daily in 2006. The combined assets represented “about 40% of our revenue,” Pazour tells minonline. “From a broad standpoint, Veronis Suhler Stevenson has held PBI and Chemical Week longer than they usually do, and at some point an exit was logical for AI.” While the tight lending environment limits options for a platform company like AI in its entirety, the package sold to IHS was a direct response to market demand. “We started getting a lot of inquiries to buy just those assets,” says Pazour. After packaging SRIC with some of the chemical assets, potential buyers also showed interest in The Energy Daily. AI will continue to service these assets as they transition to IHS, and Pazour feels that the divestiture will not require significant reductions in AI infrastructure. He says the company is in acquisition mode itself and will also grow each of its remaining clusters in aviation, communications and healthcare. He says the IHS deal leaves AI debt free, still profitable and in a position to invest in growth. While ad dollars have declined 11% year-to-date, events are up 10%, digital up 25% and subscriptions up 8%, Pazour says. This is the third acquisition this year for IHS. In May, the company acquired economic software firm Quantitative Micro Solutions for $40 million. In March it bought market forecaster CSM Worldwide for $27 million and in February it purchased Emerging Energy Research, an advisory firm, for $18 million. IHS is a publicly traded cross-platform b2b publisher in the energy, economics, geopolitical risk and supply chain management segments. It publishes the Cambridge Energy Research Associates (CERA) publications and research, the Jane’s brand of military and defense industries information and Global Insight. Its Q2 2010 revenues were $266 million, up 13% over same period last year. The company relies primarily on subscriptions, which comprises 77% of overall revenue. If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com COMMENTS
|
App Central min's App Central (for min subscribers only): Stay on top of mobile app developments with exclusive app reviews, analysis and data. 
Please enter the following information to have a link to The Skinny emailed to your iPhone:
White Papers
min Contests
EventsBest of the Web, April 3, 2012 min's Sales Executive of the Year Awards min Press
 Events Calendar
min's Best of the Web Awards |
.jpg)
Internet Sales Guidebook| Copyright © 2012 Access Intelligence, LLC. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Access Intelligence, LLC is prohibited. For more details please see Terms and Conditions. |
