NEW YORK, Feb. 20, 2019 /PRNewswire/ -- Drexel Hamilton LLC ("Drexel") announced today that it has advised on 2 M&A transactions in Q4 2018. In October of 2018, BlueRock Energy Inc ("BlueRock") announced the sale of certain assets to Marathon Energy. Also in October of 2018, Starion Energy Inc. ("Starion") announced the sale of certain assets to Spark Energy, Inc. ("Spark"). Drexel served as sellside advisor in both transactions and both were within the energy / power space. These transactions continue to highlight the strong buildout of the investment banking division within Drexel and the strength of the energy / power coverage at the firm.
"These transactions showcase the effectiveness of the Drexel business model. By focusing on in-depth knowledge of the industry, maintaining a broad base of strategic and financial sponsor relationships, and limiting overhead, we are able to deliver to clients unparalleled industry insights while maintaining a cost effective structure to service both small and large clients," said Vin Deshpande, Head of Power / Power Services Investment Banking at Drexel. Drexel is the leader in retail energy transactions with 3 M&A transactions completed by its bankers in 2018 alone.
"Our pipeline continues to grow and we expect a strong 2019 M&A market. We have a growing pipeline of transactions as we continue to be a trusted partner in the Equity and Debt capital markets – with primary focus on our two key verticals, Energy / Power and Aerospace, Defense and Government Services," said Tim Fisher, Managing Partner at Drexel.
"Drexel continues to see investment banking as a key area of growth for the firm, with the recent addition of bankers Vin Deshpande and Brian Ruttenbur. By providing a holistic solution to clients ranging from sales and trading to capital markets to investment banking, we believe we can add true value for clients, while maintaining our mission of providing meaningful employment opportunities for our nation's veterans," said Dan Boyle, Managing Partner of Drexel.
Drexel Hamilton LLC is a Service-Disabled, Veteran Owned and Operated Investment Bank who employs the exceptional military experience of its professionals to serve as a reliable partner to its clients. Drexel Hamilton is the only investment bank that is 100% Service Disabled Veteran Owned and Operated and whose workforce consists of more than 50% Military Veterans. Drexel was built on the merits of service and trust. We aim to be the leader in serving our Veterans off the battlefield for their service on the battlefield.
Contact:
Daniel Boyle
dboyle@drexelhamilton.com
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SOURCE Drexel Hamilton, LLC
