Cowen and Company, the investment banking division of Cowen Inc. (NASDAQ:COWN) (collectively, Cowen), and Intrepid Partners, LLC (Intrepid), the advisory business of the energy-focused merchant bank Intrepid Financial Partners, LLC, re centlyy announced a strategic alliance to jointly provide comprehensive capital markets advisory and execution services to oil and gas companies and investors in the United States of America and Canada. The exclusive relationship creates a center of excellence in energy capital markets, bringing together Cowens high-quality research, sales and trading, capital markets and advisory services with Intrepids leading strategic advisory capabilities and deep relationships in the North American energy sector.
Were very excited about the opportunity to join forces with Intrepid to meet the financing and capital market needs of Intrepids impressive network of corporate and private market investor relationships throughout the US and Canada, said Larry Wieseneck, Co-President of Cowen and Company. This alliance significantly leverages Cowens world-class markets, research and investment banking platforms and further scales our ability to help clients outperform. We could not be more thrilled to partner with Intrepid founders Skip McGee and Chris Winchenbaugh, and the entire Intrepid organization.
Under the alliance, Intrepid will leverage the expertise of Cowens capital markets, sales and trading, research, and investment banking professionals to provide its clients with best-in-class execution of public and private debt, equity and hybrid financings in addition to strategic insights into the capital markets. The alliance builds on the success of Intrepids advisory business and allows Intrepid to expand meaningfully into additional capital markets products and services.
Skip McGee, co-founder and CEO of Intrepid Financial Partners, continued, This strategic alliance is an important milestone in Intrepids growth. From the beginning, Intrepid has been focused on providing our clients with a full range of the highest quality advisory services. With its demonstrated expertise in capital markets and deep understanding of our sector, Cowen is an ideal partner, enabling us to offer even more value to our network of energy clients and relationships. Chris and I have a long relationship with Larry and look forward to partnering with him again, along with the entire team at Cowen.
Jeffrey M. Solomon, Chief Executive Officer of Cowen, concluded, Todays announcement further expands the breadth and depth of Cowens core strengths. Not only are we combining Cowens unique content and knowledge with Intrepids exceptional team of advisors, but we are doing so with partners who share our culture and perspective on the World.
