Clearinghouse Securities and OFSCap LLC will combine to form Entoro Group, and acquire the OfferBoard funding platform from US Platform Development Group, the companies will announce Feb. 14.
The OfferBoard acquisition will enhance Entoro’s distribution of energy related investment banking offerings and financial products to the family office, small institutional and international investor communities, according to a press release.
Entoro is a global investment banking and financial services firm with a proven track record in mid-market energy and infrastructure investment banking, including platform-based distribution. Entoro combines Clearinghouse Securities’ transaction history of more than $10 billion in successful oil and gas transactions, OfferBoard’s technology and platform finance expertise, and OFSCap’s boutique energy investment and merchant banking experience, which includes over $2 billion in historical transactions.
Entoro will focus on the distribution of direct investment opportunities to family offices and small institutions.
“Our primary goal is to offer the best transactions with better distribution” said James C. Row, Entoro’s group managing partner. “Entoro and OfferBoard are a perfect match: Entoro and our collaboration partners will continue to source quality energy transactions, and OfferBoard will become the premiere distribution and execution platform for direct investment opportunities of $2 million to 200 million. Our combined team is at the forefront of the convergence of energy, finance and new distribution technologies.”
This combination of Entoro’s energy expertise and transaction experience with OfferBoard’s collaborative platform allows investment bankers, deal originators, and project companies to leverage their networks with those of Entoro and OfferBoard to close deals faster, with less friction, clear compliance and greater access to traditional and new sources of capital.
"I am excited about the opportunities for platform finance in the oil and gas middle-market, especially for small institutional investors and family offices," said Chris Tyrrell, founder of OfferBoard. "Entoro is uniquely positioned to offer investors differentiated products and scalable distribution."
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