Private equity firm GTCR has partnered with former OPIS chief executive Brian Crotty to launch a new venture, Avelis Holdings. The U.S.-based platform aims to assemble a suite of data, benchmarking and analytics services for commodity and industrial markets worldwide. Crotty will take the helm as CEO, steering the nascent company's growth strategy.

Crotty’s track record includes steering OPIS through its 2016 acquisition by IHS Markit and later orchestrating the carve‑out and sale of energy assets, notably the 2022 divestiture of OPIS to Dow Jones amid the S&P Global‑IHS Markit merger. Investors view his experience as a catalyst for building a data‑centric platform.

The backing of GTCR provides Avelis with substantial private‑equity capital and a network of industry contacts, positioning it to compete with established players such as Bloomberg and Refinitiv. By aggregating fragmented market data, the firm hopes to offer subscription‑based insights that command premium pricing, a model that has attracted strong interest from commodity traders.

With Crotty at the helm and GTCR’s financial muscle, Avelis is set to launch its first products later this year, targeting oil, gas and metals sectors. Early client sign‑ups suggest demand for granular analytics, and the venture could reshape pricing transparency across global supply chains, delivering measurable value to investors and end users alike.