MLV Expands Energy Investment Banking and Principal Investment Team

NEW YORK, Nov. 11, 2013 /PRNewswire/ -- MLV & Co. announced today that Ron Ormand, Co-Founder and former Executive Vice President, Chief Financial Officer and Head of Capital Markets of Magnum Hunter Resources Corporation (NYSE: MHR), has joined the firm's Energy Investment Banking Group as a Managing Director.  In addition, Mr. Ormand will also be a Principal in 1055 Partners, MLV's principal investment arm, where he will identify and assess merchant banking opportunities in the energy sector. Mr. Ormand will work out of the Houston office and focus his efforts on expanding the firm's investment banking and principal investment platforms in oil and gas and other energy related industries. Working closely with Seth Appel and our existing Energy Team based in New York, Houston and New Orleans, Ron will assist in expanding MLV's platform in the energy sector.

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"Our ability to successfully recruit a highly respected energy entrepreneur and executive like Ron reinforces MLV's commitment to building a top tier energy platform," said Dean Colucci, President of MLV. "Ron's extensive knowledge of the energy sector, market insight and industry relationships will complement the skills currently present on our energy team."

"Since working with Ron both at Magnum Hunter and previously as Head of  U.S. Oil and Gas  Investment Banking at West LB, it has been my goal to get him on our MLV team," Patrice McNicoll, founder and CEO of MLV, added. "He brings years of experience and an excellent track record in creating value as an energy executive and as investment banker. Ron possesses extensive knowledge of the upstream and midstream sectors of oil and gas as well as the broader energy spectrum. We know he will add tremendous value to our platform and our clients."

Mr. Ormand commented, "I'm very excited to be working with such a creative and talented group of professionals at a firm committed to expanding its platform in the energy sector, particularly, as well as its other industry areas.  MLV's unique and efficient approach to the capital markets and merchant banking, coupled with an entrepreneurial focus among its professionals, positions the firm extremely well for substantial growth. I look forward to working with Patrice, Dean, Seth and all of the professionals at MLV in growing a full-service energy investment and merchant banking platform."

Mr. Ormand has over 31 years of experience as a senior executive and investment banker in the energy sector, including most recently at MHR, where he was Co-Founder, Board Member, Executive Vice President, Chief Financial Officer, and most recently as Head of Capital Markets for the past 4 1/2 years.  Prior to MHR, Mr. Ormand was Managing Director and Group Head of U.S. Oil and Gas Investment Banking at CIBC World Markets and Oppenheimer from 1988-2004 and at West LB A.G. from 2005-2007. Mr. Ormand also previously served as President and Chief Financial Officer of Tremisis Energy Acquisition Corp. II, an investment company focused on the energy sector.

Mr. Ormand also served as member of Board of Directors of Greenhunter Resources, Inc. from 2011-2013; Tremisis from 2007-2009 and Eureka Hunter Holdings, Inc., a private midstream company from 2010-2013.  Mr. Ormand holds B.A. in Economics and MBA in Finance and Accounting both from UCLA. He also studied Economics at Cambridge University England.

ABOUT MLV & Co.:

An independent full service investment bank and institutional broker dealer, MLV is focused on providing outstanding service to institutional investors and growth companies in healthcare, real estate, financials, energy & natural resources, and other  "capital-intensive" sectors.  Since its inception in 2010, MLV has completed more than 210 offerings of common equity, preferred equity as well as unsecured and secured notes.  In addition to blanket coverage of US institutional investors, MLV has built significant retail distribution.  MLV together with 50 pre-eminent family offices has established 1055 Partners to make principal investments in growth companies across its banking coverage universe.  MLV is:

• Top 10 underwriter of exchange traded notes and preferreds through 2013 Q3
• #1 underwriter on Wall Street of ATMs in 2010, 2011, 2012, and 2013
• Approximately 100 Companies under coverage and growing rapidly

MLV is a member of NASDAQ, FINRA, and the SIPC.

For more information please visit www.mlvco.com or contact Randy Billhardt at (212) 542-5882 ([email protected]).

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Press Contact:

Seth Linden
Dukas Public Relations
(212)704-7385

SOURCE MLV & Co.

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