IHS completes acquisition of Oil Price Information Service

IHS Inc. (NYSE: IHS), a global source of critical information and insight, has completed its acquisition of 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 Jan. 11; closing occurred on Feb. 10.

OPIS provides 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. The company employs 290 people and was previously owned by UCG, a privately held portfolio of business information, software and technology companies.

OPIS was represented by Centerview Partners.

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