Adrian Binks, chairman and chief executive of leading global energy and commodity news and price reporting agency Argus Media Group, was honoured last week with the prestigious EY Entrepreneur Of The Year award in the international category.
Binks bought a partnership in a small newsletter business called Europ-Oil Prices in 1984 from its founder Jan Nasmyth. Taking management control that year he proceeded to adopt the Argus name, develop an international business and expand services continuously over the next three decades without the use of leverage.
The first debt on the business was raised in September 2016, when Argus was sold to global growth equity firm General Atlantic for almost £1bn, enabling the Nasmyth family to exit the business. Binks kept his entire shareholding in the business as did many other employees.
Today, Argus has offices in 20 countries and employs more than 850 staff in all the key commodity trading, producing and consuming centres. Argus has customers in more than 140 countries and produces over 23,000 price assessments on a daily basis covering energy, fertilizer, petrochemical and metal markets.
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