Global energy and commodity price reporting agency Argus Media has signed an agreement to enter into a strategic partnership with global growth equity firm General Atlantic. General Atlantic will acquire a majority stake in the business, enabling Argus to fuel its next phase of global expansion.
With more than 750 full-time employees, over 160 publications, 21 offices worldwide, and in excess of 23,000 price assessments, Argus is one of the largest commodity price reporting agencies globally and fulfils a crucial role in international commodity supply chains. The company’s proprietary price reporting methodologies and high-quality editorial content provide customers with reliable, independent assessments of the prevailing market prices, to which contracts can be anchored. Argus’ client base extends across 140 countries and includes international oil companies, trading houses, government agencies and financial institutions.
“Argus has strong growth opportunities as it expands globally, innovates products and develops new price benchmarks, which are relied upon by the industries we serve. General Atlantic’s deep experience in helping to grow businesses over the long-term will be highly valued. We are excited to add such a seasoned and proven investment partner during such an important period of our development.”
Neil Bradford, CEO