HOUSTON, Feb. 14, 2017 /PRNewswire/ -- Clearinghouse Securities and OFSCap LLC today announced their combination to form Entoro Group, and their acquisition of the OfferBoard funding platform from US Platform Development Group. 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.
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 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 premier distribution and execution platform for direct investment opportunities of $2 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 and an internationally-recognized expert in platform finance. "Entoro is uniquely positioned to offer investors differentiated products and scalable distribution."
About Entoro Group
Entoro Group is a global investment banking and financial services firm that focuses on mid-market energy and infrastructure investment banking. Entoro was formed by the merger of Clearinghouse Capital and Clearinghouse Securities and OFSCap. The Entoro Group of companies includes Entoro Capital (Energy and Infrastructure Investment Banking), Entoro Securities (FINRA licensed Broker/Dealer – formerly The Oil & Gas Asset Clearinghouse II), and Entoro International (Advisory and Merchant Banking). Entoro brings together investment banking professionals with energy industry expertise to provide financial and strategic solutions to a global clientele. Entoro's team is comprised of proven executives with over $100 billion in transactional experience. www.entorogroup.com
OfferBoard is an equity funding platform created in 2013 to provide a platform for private companies raising $2-50MM in capital and facilitating mergers, acquisitions and divestitures. Since launching at TechCrunch Disrupt in May 2014, the OfferBoard team has successfully executed over $150MM in transactions for clients in a variety of industries, including energy, healthcare, and technology. OfferBoard was designed for, and is compliant with, Title II of the JOBS Act of 2012. The OfferBoard team has created a number of proprietary analytical tools, including the Fundability Score™, to better enhance the interaction between offering parties and investors. OfferBoard's founders include former executives from Second Market, Goldman Sachs and LendingClub. www.offerboard.com
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SOURCE Entoro Group