By Edward J. Dawson
Chairman, President and CEO
A lot has changed in the energy industry over the last decade. Hydraulic fracturing, horizontal drilling, renewable energy sources and much more have shifted the global energy equation dramatically. All the forces at work in the marketplace, the new technologies, the emerging trends – it’s a lot to make sense of, but not an insurmountable task for one of our resident energy experts, Paul Puri, who was recently named to the Dallas Business Journal’s “2014 Who’s Who in Energy” list.
Every year, American City Business Journals, which publishes the Dallas Business Journal and other weekly business publications, names the most influential movers-and-shakers in the energy industry in seven cities, including Dallas, Houston and others. Paul’s stellar record of achievements advising owners of energy-related companies earned him this prestigious honor this year.
Over the last 10 years, the list of deals that Paul has helped close – much to the delight of owners and major shareholders, I might add – is extensive, but a few stand out for me. One involved the $350 million sale of Enerflow Industries, which was the second largest manufacturer of hydraulic fracturing equipment at the time of the sale, to National Oilwell Varco (NYSE:NOV) of Houston, a $14.6 billion manufacturer of oil and gas drilling equipment. Another deal Paul shepherded through to closing was the sale of Midfield Supply Ltd. to Red Man Pipe & Supply to create a $6 billion company (NYSE:MRC).
Of course, there have been many others, but these deals give you an indication of the kind of M&A professional Paul Puri is. According to my rough estimates, he’s been responsible for energy deals totaling more than half a billion dollars during his tenure with Capital Alliance.
Congratulations, Paul, on an honor well deserved.