IHS Acquires PacWest Consulting Partners
Deal strengthens IHS position in hydraulic fracturing segment of unconventionals business in North America through acquisition of Leading Provider of Market Intelligence to Upstream Oil and Gas Industry
PacWest plays a critical role in helping both buyers and suppliers of hydraulic fracturing services and related products understand the market dynamics of stimulating production from unconventional and conventional reservoirs and making strategic decisions to support their businesses.
Scott Key, president and chief executive officer of IHS, described PacWest as a “strong fit” with IHS Energy. PacWest’s “IQ” series of products – PumpingIQ, WellIQ, ProppantIQ and others, he said, are synergistic with current IHS offerings, and expand the presence of IHS in the hydraulic fracturing and related unconventional space.
Scott Key, president and chief executive officer of IHS, described PacWest as a “strong fit” with IHS Energy. PacWest’s “IQ” series of products – PumpingIQ, WellIQ, ProppantIQ and others, he said, are synergistic with current IHS offerings, and expand the presence of IHS in the hydraulic fracturing and related unconventional space.
Nilesh Dayal, founder and managing partner of PacWest Consulting Partners, said: “The combination of our people, capabilities and market intelligence will intensify our strategic insights to our clients and bolster our ability to develop and expand into other critical, underserved areas of the global oilfield services value chain. We are excited about the growth opportunities as part of the IHS family.”
Whitehawk Advisory served as exclusive financial advisor to PacWest Consulting Partners in connection with the transaction. Securities were offered through Westlake Securities, LLC. The transaction was led by Whitehawk Advisory Managing Director Alex Klingelberger.
PacWest Managing Partner Nilesh Dayal commented on working with Whitehawk Advisory on the transaction: “We selected Whitehawk Advisory over a number of other large and small firms. We could not have made a better choice. Alex’s knowledge, preparation, communication, negotiation and guidance throughout the process was phenomenal, which ultimately led us to achieve the outcome we wanted. The sets of questions you encounter during this process are critical. Alex brings sound judgment to help navigate through some of the most important decisions you need to make.”
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.