FactSet has acquired BTU Analytics (BTU), a provider of data and analytics in the North American renewables, power, oil, and natural gas sectors.
FactSet will thus expand its industry-specific, or deep sector, content for investment professionals.
Kristy Karnovsky, Senior Vice President and Global Head of Research, FactSet, said: “FactSet is committed to expanding its deep sector content sets. The acquisition of BTU strengthens our position in the energy space, an area where we see rapidly growing demand from our clients.
“BTU Analytics is a leader across all fuel types, including the increasingly relevant power and renewables markets. FactSet’s integration of this data and analytics will provide our clients with the content they need to make sound investment and ESG decisions across the energy landscape.”
BTU Analytics delivers actionable investment insights into the energy and renewable energy sectors by collecting raw information in the renewables, power, oil, and natural gas marketplace and transforming that data into cross-commodity analytics.
BTU founders Andrew Bradford, Mason Ender, Tony Scott, and Kathryn Downey Miller, who founded BTU Analytics in 2014 based in Lakewood, Colorado, have joined FactSet – alongside their teams – as part of the Company’s deep sector content initiative.
Andrew Bradford, CEO, BTU Analytics, said: “We are very excited to be joining FactSet. The company’s broad reach, trusted reputation, and strong client relationships will bring our data and analytic capabilities to more investment professionals and help them make better investment decisions. This is especially significant as the energy systems supporting the global economy evolve, impacting asset and company valuations.”
Select BTU content is already available within the FactSet workstation, with further integration expected over the coming months.