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Energy Investor OFSCap Acquires The Oil and Gas Asset Clearinghouse.


23 March 2016 - US-based energy investment and merchant bank OFSCap, LLC's OFSCap Acquisition, LLC affiliate has acquired The Oil and Gas Asset Clearinghouse (Clearinghouse) from CenterGate Capital, the company said.

Terms of the deal were not disclosed.

Clearinghouse markets oil and gas properties and, since its inception, has sold over USD 13bn worth of property in more than 32,000 transactions.

The company is the only acquisition and divestiture advisory services firm in the industry offering live auction and negotiated transaction services.

Clearinghouse's success is utilising its extensive database, which is considered the largest broker/dealer approved database of buyers and sellers of energy properties.

The Clearinghouse name and brand will be a cornerstone and eventually strengthened with new products, services, and offerings. The current team of 20 Clearinghouse professionals will remain with the company and be combined with OFSCap's worldwide investment banking team.

Founded in 1992, The Oil and Gas Asset Clearinghouse is the only oil and gas acquisition and divestiture advisory firm with in-house technical expertise that offers a complete line of auction and negotiated transaction services.

The Clearinghouse has sold more than 500,000 properties since its inception. Clients can participate through physical attendance or compete online in real-time.

OFSCap is a boutique energy investment and merchant bank, providing advice and services to corporate and institutional clients.

Country: USA

Sector: Petroleum/Natural Gas/Coal

Target: The Oil and Gas Asset Clearinghouse

Buyer: OFSCap Acquisition, LLC

Vendor: CenterGate Capital

Deal size in USD:

Type: Corporate Acquisition


Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Mar 23, 2016
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