Top 10 Oil & Gas Capital Raises in the U.S. – November 1st-15th, 2024
Several interesting transactions closed in the Oil & Gas sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Buyout/LBO
- Collective Waste Solutions, provider of customized waste management services intended for commercial, residential, municipalities, and businesses throughout Alberta, acquired by Municipal Waste Management, via its financial sponsor Concentric Equity Partners, through an LBO.
- Iron Oak Energy Solutions, operator of a premier frac sand mining company delivering superior products and solutions to diversified oil and natural gas markets across North America, acquired by Black Mountain Sand, via its financial sponsors NGP Energy Capital Management and Rice Investment Group, through an LBO.
- Cashco, manufacturer and servicer of industrial control products designed for chemical, terminal storage, oil and gas, electronics, food, and pharmaceutical markets, acquired by May River Capital through an LBO.
- NightHawk Completion Services, provider of completion services intended for oil and gas industry, acquired by Backcast Partners through an LBO.
- Specialty Fleet Services, provider of natural gas mobile and inspection services intended to serve the United States and Canada, acquired by Hexagon Agility, a subsidiary of Hexagon Composites.
- International Chemicals, manufacturer of specialty chemicals catering to the oil and gas industry, acquired by Special Materials Company.
PIPE
- Avicanna Inc, an innovative, commercial-stage, and international biopharmaceutical company focused on the development, advancement, and commercialization of evidence-based cannabinoid-based products for the global consumer, received CAD 800,000 of development capital from investors.
- Houston American Energy Corp, an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties, received $2.5 million of development capital.
Seed Round
- Iconium, developer of novel separation technology designed for the recovery and reuse of refrigerants and other high global-warming-potential gases, raised $1 million of seed funding.
Accelerator/Incubator
- Amptricity, developer of sustainable battery storage systems designed for commercial, industrial and government applications, joined Moderne Ventures as part of 2024 Fall Moderne Passport Class.
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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.
- Email: jsilvestri@castleplacement.com
- (C) (203) 803-9861
 John SilvestriManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: jsilvestri@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.
