Dahlman Rose & Co. Launches Exploration & Production and Oilfield Service Investment Banking Group
Appoints Managing Director to Head New Office Located in New Orleans
Hires Team of Senior Investment Bankers
NEW YORK, May 31 /PRNewswire/ -- Dahlman Rose & Co., LLC, a leading investment bank specializing in marine transport, energy, natural resources and related industries, today announced the launch of its Exploration & Production (E&P) and Oilfield Service investment banking group. The new group will be headquartered in New Orleans, Louisiana. Simon Rose, Chief Executive Officer at Dahlman Rose, stated, "We are pleased to further expand our investment banking services to include a group initially dedicated to the E&P market and Oilfield Service. Our decision to locate this new group in New Orleans reflects the city's long tradition serving energy companies and status as an important energy port city. We are committed to support the growth of E&P and Oilfield Service companies as we further our strategy of providing value-added investment banking services to leading companies that operate along the energy supply chain." The Company also announced that it has named Stanley E. Ellington, Jr. as Managing Director to head the new E&P and Oilfield Service investment banking group, effective immediately. Mr. Ellington, joins Dahlman Rose with more than 30 years of experience in the energy industry. In the new position, he will be responsible for overseeing the E&P and Oilfield Service group that will provide investment banking services, including public offerings of equity, private placements of equity and debt, financial advisory, and merger, acquisition, and divestiture services. Previously, he served as Managing Director, Corporate Finance for Capital One Southcoast, Inc., where he successfully raised equity capital for various energy companies. Prior to that, he was Vice President and Chief Financial Officer at Production Management Companies, Inc, a privately-held oilfield services company, for ten years and was also a member of the company's Board of Directors. Mr. Ellington received a MBA from Tulane University and completed his undergraduate degree at Louisiana State University in Baton Rouge. In addition to Mr. Ellington, Dahlman Rose has appointed Michael R. Uffman and Earl A. Stolz, III as Vice Presidents, Investment Banking in the E&P group. Both Mr. Uffman and Mr. Stolz previously served under Mr. Ellington at Capital One Southcoast's investment banking division. Mr. Uffman received a MBA in Finance and completed his undergraduate degree at Louisiana State University in Baton Rouge. Mr. Stolz received a MBA in Finance and Entrepreneurship from Tulane University's Freeman School of Business and completed his undergraduate degree at Stanford University. "We are delighted Stan and his talented team will join our Company as we further solidify our commitment to the E&P and Oilfield Service markets," said Ernie Dahlman, President at Dahlman Rose. "Combined, our new E&P and Oilfield Service banking group brings more than 50 years of industry expertise to Dahlman Rose and the energy capital markets. We are confident their extensive experience and strong industry relationships will add considerable long-term value for our growing client base." "My team and I look forward to working with Simon and Ernie, and the rest of the staff at Dahlman Rose," commented Stanley Ellington, Jr. "Dahlman Rose has established an extremely strong reputation in the energy industry. We are excited by the opportunity to build on the Company's success and grow an investment banking practice serving global energy companies." About Dahlman Rose & Co., LLC Dahlman Rose & Company, LLC (MEMBER: NASD/SIPC) is a leading investment bank that offers exceptional research, trading and investment banking capabilities across the entire capital structure to clients in the U.S. and globally. The firm provides performance for its clients through its sector specialization, and its personnel are attuned to the important day-to-day drivers in daily share price movement. The Dahlman Rose team specializes in verticals within the energy sector, including marine shipping and offshore services, exploration and production, Oilfield Service, and electric utilities. Our team has cultivated a thorough understanding of these industries and their drivers by leveraging relationships with an extensive roster of company management and industry contacts.
SOURCE Dahlman Rose & Co., LLC
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