Investment bank 7 Mile Advisors has named Steven Cowan as a managing director. In his new role, Cowan will lead 7 Mile Advisors’ newly formed energy and industrial services team. Cowan’s previous work background includes senior banking positions at Jefferies & Company, Deutsche Bank and Canaccord Genuity.
7 Mile Advisors is pleased to announce the addition of Steven Cowan to our team. Steven joins us as a Managing Director and will lead our newly formed Energy & Industrial Services (EIS) market vertical and new office location in the Bank of America Center in Houston, Texas.
Steven brings over 25 years of experience in advising EIS companies on transactions ranging from cross-border M&A to public and private debt and equity placements. In addition to being an investment banker, he was a corporate development executive at portfolio companies of private equity funds where he was focused on strategic acquisitions and divestitures.
Based in the Energy Capital of the U.S., Steven will work with companies who provide oilfield equipment services and manufacturing, as well as industrial and engineering services. These companies will include oilfield equipment manufacturers, distributors and fabricators, offshore transportation and support companies, onshore and offshore well-site service providers, software and technology companies, and inspection, maintenance and repair service providers.
As a firm we believe that the Energy sector is going through an unprecedented period of transformation. Global economic uncertainty, Middle East conflicts, OPEC directives, government regulation, global commodity price volatility, and technical innovations will continue to place extreme market demands on industry participants, while creating nearly unlimited opportunities for well-prepared and focused companies. The energy markets are in a period of inflection where continued low commodity prices are forcing a reprioritization on profitability and cost structures, while making a long-term strategy challenging in anticipation of an eventual price recovery. Low crude prices should contribute to profitable opportunities for downstream players, assuming demand remains somewhat steady. Enhanced infrastructure and engineering breakthroughs in the natural gas market are also making it possible for North American producers to access a global market at an efficient cost of transportation, potentially unlocking highly disruptive changes and investment opportunities. We believe all of these forces will generate a significant amount of M&A and investment dealflow. Steven will uniquely enable us to help company CEOs, Board Members and investors address all of these, and other, transaction opportunities.
To learn more, please contact Steven at firstname.lastname@example.org or +1.713.213.6605. His biography and a brief history of his transaction experience is summarized below:
Managing Director with over 25 years of experience in corporate finance and investment banking in the Energy & Industrial Services sectors. Cowan has advised companies on strategic transactions with a focus on service providers, manufacturers and vendors to upstream and downstream energy companies, including Oilfield Services, EPC Firms, Offshore Transportation and Construction Support Providers, Drilling Rig and Equipment Suppliers, and other niche service providers focused on supporting E&P companies. His transaction experience includes domestic and international buy and sell-side M&A, public and private market debt placements, structured finance, complex securitizations and equity placements. Notable transactions include the sale of NOVA Technology Corporation to Baker Hughes Inc. (NYSE:BHI); a $126 million recapitalization of JAG flocomponents n.a. with HSBC; a $92 million recapitalization of Utex Industries with Audax; the $165 million SPAC merger for SAExploration (NASD:SAEX); a $127 million equity placement for Endeavour International (NYSE:END) and a $60 million equity placement for Xtreme Coil Drilling Corp. (TSX:XTO.TO).
Cowan previously held senior banking roles at Jefferies & Company, Deutsche Bank and Canaccord Genuity. Additionally, he was a Corporate Development executive at Express Energy Services, a portfolio company of Apollo Global Management, as well as Total Safety U.S., Inc., a portfolio company of Warburg Pincus. Cowan holds an MBA from the University of Chicago and a BBA from the University of Texas at Austin.
As part of our EIS coverage, we have begun publishing our Energy Weekly research. Please contact Steven to be added to the distribution.
About 7 Mile Advisors
7MA provides Investment Banking & Advisory Services to the Business Services, Energy & Industrial Services, and Technology sectors on a global basis. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets.
With over 100 closed deals in our team’s history, 11 of them closing in the last nine months, we are uniquely positioned to help our clients by leveraging our substantial deal experience in our target markets. More information is available at www.7mileadvisors.com