Houston, Texas-based GulfStar Group is expanding its advisory practice to include coverage of oil and gas exploration and production (E&P) companies confronting financial and operational distress. Managing directors Bryan Frederickson and Eric Swanson will lead the effort.
Historically, the middle market investment bank has focused on distressed company advisory services primarily within the equipment and services segment of the energy sector.
GulfStar’s team will focus its efforts on E&P and oil field services companies with revenues ranging from $25 million to $350 million. Specific services include a review of capital structure alternatives, strategic advisory or sale to a strategic or financial buyer. Target clients range from private equity groups to distressed company boards, management teams, lenders and other creditors. GulfStar will also continue to provide these services to troubled companies across other industries in which it has been active.
Frederickson has 18 years of investment banking and corporate finance experience that includes execution of merger and acquisition, financing, venture capital placement, recapitalization, and restructuring transactions. His most recent closed energy industry transactions include the Chapter 11 bankruptcy auction of Rocaceia Energy Services, the sale of Doyles Valves, and the sale of Delcor USA Inc.
Swanson has more than 16 years of investment banking and corporate finance experience that includes merger and acquisition transactions, debt and equity offerings, and corporate finance advisory. He recently joined GulfStar from Morgan Stanley’s investment banking group in Houston, where he spent eight years focused on the E&P segment of the oil and gas industry.