CohnReznick Capital Markets Securities, LLC (CohnReznick Cap Markets) has announced an expansion of its investment banking services to the oil and gas sector, including the hiring of additional, key personnel. Given the consistent decline in national coal output, the recent proliferation of new drilling in North America, and the steep decline in the price of oil and gas, demand for investment banking services in this sector has become even more critical.
“I cannot think of a more propitious time for us to align our capital markets services with the oil and gas industries,” said Rob Sternthal, President of CohnReznick Cap Markets. “Both the increased demand for oil and gas produced in North America, along with the availability of global capital, have contributed to an environment where the strategic expansion of our services has become extremely timely and urgent to our clients.”
To further underscore the Firm’s decision to expand its services, two new executives, Sam Xu and Evan Turner, have recently been hired to augment CohnReznick Cap Markets’ presence in the marketplace. Sam joins CohnReznick Cap Markets from the oil and gas investment banking firm KLR Group, and was involved in all aspects of a number of significant mergers, acquisitions, and other transactions in the E&P sector.
Evan previously worked at Canaccord Genuity, where he performed sell-side research and fundamental analysis of U.S. E&P companies, providing investment recommendations and analysis on M&A transactions, asset sales/purchases, and debt and equity offerings. He previously served as an analyst of upstream oil and gas research for GlobalData.
“Sam and Evan each bring specialized expertise and a significant array of skill sets to our energy-related service offerings, and we are thrilled to be adding them to our team,” said Sternthal. “Their addition to our robust CohnReznick Cap Markets energy group, capably led by our Managing Director, Alex Chehansky, allows us to better serve our energy clients in this important sector.”
CohnReznick Capital Markets Securities
CohnReznick Capital Markets Securities (CohnReznick Cap Markets) offers a comprehensive financial advisory platform for the oil and gas sectors, along with the entire spectrum of renewable energy industry participants and entities. The firm is an affiliated company of CohnReznick LLP, one of the top accounting, tax, and advisory firms in the country. CohnReznick Cap Markets provides solutions for tax equity, equity, debt, asset sales or purchases. The company represents financial institutions, infrastructure funds, strategic participants (IPPs and utilities) and more than 60 wind, solar, biomass and other alternative energy developers nationwide. To learn more, visit www.cohnreznickcapmarkets.com.