Oil & Gas Capital Raises in the U.S. – August 12th-18th, 2024
The Oil & Gas sector has seen decent activity this past week.
If you would like more info on these deals or would like to discuss the capital-raising market for your company, please contact me.
Here are the capital raises:
Later Stage VC
  1. Terviva, located in Alameda, California, secured $36.2 million in later-stage VC funding to develop sustainable oil production solutions.
  2. SitePro, based in Lubbock, Texas, raised $150,000 in later-stage VC funding to expand its oilfield automation technology.
Merger/Acquisition
  1. Barber Oil & Propane, located in Ebensburg, Pennsylvania, was acquired by Stuck Enterprises.
  2. Convrg, from Rocky View County, Alberta, secured funding through a merger/acquisition.
#castleplacement #capitalraising #privateequity #venturecapital #investment #OilAndGas

John Silvestri

Managing Director

Finance, strategy and capital markets executive. Originated structured and executed, as principal, agent and underwriter, over $4 billion of public and private, structured and project finance transactions. Industry expertise includes Energy and Power, Technology/Fintech/Digital, Sponsor, Transportation and Infrastructure, Consumer, Industrials and Agriculture, Banking, and Specialty Finance. Companies ranging from small to large, leveraged, high grade, venture, SPV’s and project finance. Transaction expertise across capital structure includes public and private bonds, equity, structured and direct investments, and unitranche. Leveraged finance includes senior/sub, bridge, acquisition, mezzanine, equity co-investment, and re-capitalizations. Previously, founder of an advisory and a direct investment business, Managing Director and Co-head of Investment Banking at Altamar Capital, and Director and Head of High Yield Capital Markets in New York for Barclays Capital. BS in Management from SUNY Buffalo. MBA from Fordham Gabelli Business School. FINRA Series 7 and 63 licenses.

John Silvestri

John Silvestri

Managing Director

John Silvestri

Managing Director

Please contact me if you have any questions or would like to discuss your capital raise:

Email: silvestri@castleplacement.com

(C) (203) 803-9861

Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.

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Thanks, Ken

Ken Margolis | Managing Partner Castle Placement
1460 Broadway Street
New York, New York 10036
(212) 418-1180
kmargolis@castleplacement.com

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