ORIX Mezzanine & Private Equity Invests in Sierra

ORIX Mezzanine & Private Equity Investments announced today a mezzanine and private equity investment for the acquisition of Sierra Engineering and Sierra Petroleum Services, Ltd. (“Sierra”) by Corinthian Capital Group, LLC and its management.  Sierra provides engineering and consulting services to the oil and gas industry and specializes in wellbore-construction project management.  Sierra gives its clients the expertise necessary to develop, evaluate, and execute projects ranging from a single well to entire fields.  Headquartered in Midland, Texas, the company operates throughout the continental U.S. as well as internationally.

C. Kenneth Clay, senior managing director of Corinthian Capital said, “Sierra has emerged as a leading provider of oil and gas engineering and consulting services and has a very strong brand.  I am confident that, with Sierra’s impressive management team, we can help position the company to expand and grow domestically as well as abroad.”

Jeff Sangalis, managing director of ORIX Mezzanine and Private Equity Investments said, “We are pleased to be partnering once again with Corinthian Capital professionals and look forward to working with Sierra and its management team.”