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Home > Financial Services > Stock Brokers > Pphb Securities Lp
Pphb Securities Lp
Pphb Securities Lp is a member of NASD, the National Association of Securities Dealer. NASD is a self regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
It was founded in 1936; I.E. Miller Companies operates one of the largest fleets of heavy haul drilling rig transportation equipment in the country. I. E. Miller is based in Eunice, Louisiana and has approximately 300 employees operating from 6 terminals across Louisiana and South and East Texas. PPHB acted as the exclusive financial advisor for the sale of Wolverine Drilling, a privately held land drilling company. Pioneer Drilling is a leading contract land driller with operations focused in the US. Wolverine Drilling was a privately held land drilling company. Wolverine owned and operated seven land drilling rigs focused exclusively in the Rocky Mountain region.
Financial Advisory Services provided sell side financial advisory services to Wolverine, they worked with Wolverine to identify only strategic buyers, they prepared a detailed presentation that summarized Wolverine and conducted one on one discussions with the CEO’s of each buyer, Complete confidentiality was maintained throughout the sales process, they assisted in the negotiation and final structuring of the transaction.
Parks Paton Hoepfl & Brown is an independent investment banking firm providing financial advisory services exclusively to clients in the energy industry. The rigs are in excellent condition after a 2002 upgrade in Houston, but both rigs require further sizeable investments for either U.S. or international contracts. After comparing the attractive price offered for the rigs with the projected profit margin in potential markets, and the additional investment necessary for further work, the economic return for this particular selling opportunity was too compelling to turn down.
The Company acted as the exclusive financial advisor to the IE Miller Companies. This transaction accomplished the goals of both parties, putting the majority ownership in the hands of SCF Partners, an experienced oilfield private equity firm, while allowing the existing proven management team to continue to run the business and participate in its success.
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