HOUSTON, March 30, 2011 /PRNewswire/ -- U.S. Capital Advisors LLC ("USCA") announced today that Michael McConnell has joined the firm as a Managing Director. Michael will focus primarily on working with energy entrepreneurs, offering those clients access to USCA's robust suite of wealth management solutions and helping them expand their businesses by facilitating access to growth capital.
Michael was previously a Vice President with Morgan Stanley Private Wealth Management in Houston. Prior to joining Morgan Stanley, Michael co-founded Spring Street Partners, a Houston-based long/short equity hedge fund where he served as co-portfolio manager. In addition to his public markets experience, Michael has structured a number of energy-related private equity transactions with a cumulative value of over $200 million in equity and debt. These transactions included Gulf Atlantic Refining and Marketing, an asphalt refinery that Michael and his partners purchased from El Paso Corp., as well as Greenbrier Minerals, a metallurgical coal producer based in Central Appalachia, where Michael remains on the board of directors.
"Michael's unique background combines wealth management, buyside investment management and private equity experience. We feel that Michael's skillset is a great fit with our firm's focus on helping energy company owners and executives build value and manage wealth," said Patrick Mendenhall, CEO and Managing Partner.
About U.S. Capital Advisors LLC
U.S. Capital Advisors is a growing, integrated financial services boutique, providing a full range of advisory services and solutions to high net worth individuals and institutional clients. Based in Houston, TX, USCA is led by seasoned professionals with proven track records in the industry. Privately owned, the firm launched business operations in late 2010. Securities Services are provided through USCA Securities LLC, Member FINRA/SIPC and Investment Advisory Services are offered through USCA RIA LLC.
SOURCE U.S. Capital Advisors LLC