Recent News

Pinecrest Completes Refinancing for TruEnergy Services

DALLAS, TX (April 30, 2020) – Pinecrest Capital Partners (“Pinecrest”), a premier merchant banking firm, is proud to announce that TruEnergy Services, LLC (“TruEnergy”) has completed a refinancing transaction with Cadence Bancorp (“Cadence”).

TruEnergy is a leading provider of energy contract brokerage, sales tax recovery, and infrastructure audit services to deregulated energy markets throughout the United States.

The successful completion of this transaction underscores Pinecrest’s commitment to supporting businesses in the middle market seeking durable financing relationships in support of ongoing operational excellence. “Cadence represented an ideal financing partner for TruEnergy in this transaction with their suite of commercial financing options and we look forward to this partnership accelerating the realization of TruEnergy’s vision for the space,” said Bobby Renkes, Managing Director for Pinecrest.

Libby Sparks Willis Starnes acted as legal counsel for TruEnergy, and Baker Tilly provided accounting
services.

About Pinecrest Capital Partners:
Pinecrest Capital Partners is a premier investment banking & merchant banking firm based in Dallas, Texas that offers exclusive advisory services to middle market companies with enterprise values typically ranging from $25 million to $500 million. Pinecrest’s team of highly experienced professionals operates across a variety of industries and is an expert in managing transaction processes. By focusing on high-touch advisory and one-stop solutions, Pinecrest works to position clients with the goal of maximizing transaction outcomes and realizing the full value of their companies. For more information about Pinecrest Capital Partners visit
www.pinecrestcap.com.

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The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.

Barrett Kingsriter’s career has focused on advising on business strategy, mergers and acquisitions, private placements for companies in a variety of industries and stages of development, capital raising and corporate formation. His extensive expertise in successfully managing complex transactions crosses a broad spectrum of industries, including energy, healthcare, industrials, technology, manufacturing, aerospace, financial services, technology and construction. As Senior Managing Director at Pinecrest Capital Partners, Kingsriter concentrates on merger and acquisition advising, capital raising transactions and advising companies on strategic and growth initiatives. Prior to forming Pinecrest, an investment banking firm based in Dallas, Texas that offers exclusive advisory services to middle market companies with enterprise values typically ranging from $25 million to $500 million, Kingsriter served with several prestigious investment banking and financial advisory institutions, including Managing Director and Head of Investment Banking at Barrier Advisors, Inc.; Vice President of Commerce Street Capital, LLC; and Managing Director and Head of Investment Banking at NexBank Capital Advisors. He served as Managing Director at NexBank Capital, Inc. He also served as an Analyst with SAMCO Capital Markets, Inc. where he focused on mergers and acquisitions, private placements and research for funds management. Kingsriter earned his bachelor of science in Political Science from Southern Methodist University and studied Political Science and International Law at Oxford and Cambridge Universities. He holds a juris doctorate from the University of Richmond. He is registered with the Financial Industry Regulatory Authority (FINRA) as a General Securities Representative (Series 7, 63) and an Investment Banking Representative (Series 79).