Pritchard Capital Partners, LLC Completes Sale of Ownership Interest
Pritchard Capital Partners, LLC , an independent securities firm focused on the energy sector, today announced that it had completed the sale of a minority ownership interest to selected institutional investors. The investment will assist in the growth of Pritchard Capital as it continues to expand its significant presence as a trusted advisor in the energy sector. Terms of the transaction were not disclosed.
Tommy Pritchard, CEO and Managing Director of Pritchard Capital commented, “The Energy Sector continues to see significant growth despite a weak economic recovery. The newly invested capital in our firm will allow us to continue to expand our organization, further enhancing our research, sales/sales trading, and investment banking products. I would like to welcome our new investors to Pritchard Capital as we move forward with executing our strategy to grow and better serve our clients.”
Sandler O’Neill & Partners, L.P. acted as Pritchard Capital’s financial advisor in connection with the capital raising process.
