Focus Strategies Announces the Sale of PetroChem Wire, LLC
Focus Strategies Investment Banking (“Focus Strategies”) is pleased to announce that PetroChem Wire, LLC, a leading market data provider supporting the petrochemical value chain, has been acquired by a publicly held world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. Focus Strategies served as the exclusive financial advisor to PetroChem Wire throughout the transaction, which closed on August 3, 2018.
Founded in 2007, PetroChem Wire provides the world’s most complete reporting of North American price information for natural gas liquids, olefins, monomers, aromatics, polymers and refined products in 13 daily or weekly reports, with confirmed transactions, forward curves, and plant outage information.
The management team for PetroChem Wire stated, “The team at Focus Strategies has been a pleasure to work with and has shown great skill and finesse during the transaction process. Their guidance and flexibility were critical to getting this complex acquisition completed.”
“It was a pleasure assisting a private company formed years ago by three founders become part of a global information services leader. We were happy to advise the owners on this transaction,” said Larry Hester, Managing Director.