Monday, January 03, 2011
NEW YORK, January 3, 2011 – Platts, a leading global provider of energy and metals information and a division of The McGraw-Hill Companies, Inc. (NYSE: MHP), today completed for an undisclosed cash sum its acquisition of BENTEK Energy, LLC, a privately held energy market analytics company headquartered in Evergreen, Colorado. The acquisition was first announced on December 14, 2010. BENTEK, which provides analytics and information services to a blue-chip customer base in North America, is widely recognized as the industry leader in natural gas market fundamental analysis.
“BENTEK’s expertise in utilizing data modeling to provide clients with business-critical analytics and insights strengthens Platts’ analytical capabilities and enables us to enhance the content and value of our North American and European natural gas products,” said Larry Neal, president of Platts.
BENTEK will continue to operate under its current name with its current management.
BENTEK, founded in 1985, offers a comprehensive portfolio of data, information and analytics products in the natural gas and liquids sector. Its customers include the majority of the top firms in the energy industry, including independent producers, pipeline companies, and utilities, as well as industry regulators, financial institutions, and the largest energy hedge funds. In addition to its subscription-based products, BENTEK provides consulting services related to its data analysis services and hosts Benposium, a major natural gas conference on energy market trends and dynamics that attracts hundreds of industry executives, analysts, traders and investors. The company has 100 employees based in its headquarters outside Denver.
For more information on Platts product and services in natural gas, power markets and petroleum, visit the website at www.platts.com. To view Platts press releases, visit the Platts Media Center.
About Platts: Platts, a division of The McGraw-Hill Companies, is a leading global provider of energy and metals information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better business decisions. Additional information is available at http://www.platts.com.
About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a global information and education company providing knowledge, insights and analysis in the financial, education and business information sectors through leading brands including Standard & Poor's, McGraw-Hill Education, Platts, and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2009 were $5.95 billion. Additional information is available at http://www.mcgraw-hill.com/.
Pat Wood, senior director of communications
Donald Rubin, senior vice president - Investor Relations
The McGraw-Hill Companies