Orion Energy has been very active in the Gulf Coast over the last two years, having partnered with five companies headquartered in the region and the new office will augment the firm’s origination and execution of new investment opportunities while better serving its current portfolio company partners in the area.
Ethan Shoemaker, a Managing Director and Investment Principal who has been with Orion Energy since its inception in 2015, will lead the new office including overseeing its growth and operations.
“Houston is a phenomenal place to live and work, and the ideal market to anchor Orion Energy’s strategy in the region,” says Shoemaker. “This office provides us with the local presence to identify and deploy capital into energy infrastructure businesses and to continue to build an industry-leading investment team based in Houston. Over the past 18 months, Orion Energy has committed nearly USD500 million to companies with operations or management in the greater Houston and Gulf Coast area, and we expect that trend to accelerate in the years ahead.”
“Opening our Houston office is an exciting development for Orion Energy, and a milestone that we have always viewed as a critical part of our plans for the firm,” says Nazar Massouh, CEO, Co-founder and Managing Partner. “After completing the raise for Fund II in February 2018, our next goal was to open an office in the market with the highest demand for our capital. We’re thrilled to have Ethan spearheading our efforts in the energy capital of the world, and fully expect this office to be a major catalyst for the firm moving forward.”
