Cary Street Partners has formed a new Energy & Commodities Investment banking team focused on energy and its related sectors including traditional and alternative energy as well as agriculture services. Joining the new group is Craig Shealy who was formerly the founder of Osage Bio Energy, currently up for sale. Shealy will serve as managing director and group head.
“We are delighted Craig has joined Cary Street Partners and will be leading our Energy and Commodities team,” said Mark Gambill, chairman. “Over the past decade we have experienced a growing demand for investment banking services from our energy clients. Craig’s hire is yet another step in the on-going expansion of Cary Street Partners’ investment banking business. We welcome his deep industry knowledge, extensive client relationships and successful track record. His breadth of experience, including most recently as the founder of Osage Bio Energy, will provide a unique perspective in serving the needs of our energy industry clients.”
Shealy will begin growing the groups’ portfolio in the ethanol, biodiesel and biomass industries and he says there is enormous opportunities for consolidation in the ethanol and biodiesel markets. He also notes that there is growth capital available for innovative and viable development projects and he believes Cary Street Partners will provide an excellent platform to serve companies in the energy and ag sectors.
“I am extremely excited about helping meet clients’ needs for capital and strategic advice as the energy and commodity-based industries continue to grow and entities seek out consolidation and liquidity opportunities,” added Shealy.