Enventure saw the opportunity to supply clients’ OCTG needs through a Triad acquisition. Stoneworth Financial assisted Enventure’s CFO with Triad valuation, potential structures and negotiating positions, pro forma financial analysis of the combined companies, the preparation of board meeting materials and as a sounding board on various matters required to close the transaction.
Stoneworth Financial’s sell-side experience translated into valuable buy-side insights for Enventure. Following the closing of the transaction, the combination performed to plan, allowing Enventure to meet its internal projections more than a year ahead of schedule. Stoneworth Financial subsequently advised Enventure on other corporate development efforts.
“[Stoneworth Financial] is a good thought partner and can be very resourceful. [They] has a great professional network and [are]is very reliable.” – Chris Krummel, Enventure GT CFO