HOUSTON, TX (October 16, 2013)—U.S. Capital Advisors LLC (“USCA”) today announced that the company now offers firm commitment underwriting capabilities through its subsidiary USCA Securities LLC. USCA is able to act as a co-manager for public offerings, including IPOs and follow-on offerings. Since launching its syndicate business in November 2011, USCA has participated as a selling group member in 36 offerings, with 22 of those transactions pricing this year. USCA has participated as a co-manager in two equity transactions since receiving firm commitment approval in early October.
“This additional capability allows us to better serve our clients. Our ability to co-manage transactions makes us a more relevant source of capital to corporate issuers, particularly in our core Energy and Energy Infrastructure verticals. This capability should also serve to increase the breadth of deals in which we participate, which is important to our institutional and wealth management clients,” said David King, USCA Managing Partner and Head of USCA Capital Markets.
“Our strategy has been to build an integrated financial services boutique, combining Wealth Management and Capital Markets, which includes our Equity Research, Institutional Client, Investment & Merchant Banking and Public Finance businesses. Adding firm commitment underwriting to our business is another major step in executing on that strategy and toward accelerating growth at USCA,” said Patrick Mendenhall, USCA Managing Partner and Head of USCA Wealth Management.
About U.S. Capital Advisors LLC
Based in Houston, Texas with additional offices in Dallas and Austin, U.S. Capital Advisors (“USCA”) is an integrated financial services boutique with primary business lines in Wealth Management and Capital Markets. USCA’s Wealth Management division provides a full range of advisory services and solutions to high net worth individuals and family offices. USCA’s Capital Markets division, which includes the firm’s, Equity Research, Institutional Client, Investment & Merchant Banking, and Public Finance businesses, advises corporate, institutional and municipal clients. USCA was founded in 2010 and is privately owned. Securities offered through USCA Securities LLC, member FINRA/SIPC; investment advisory services offered through USCA RIA LLC; and municipal advisory services offered through USCA Municipal Advisors LLC.