KingsPoint Capital, LLC, a leading middle-market investment banking firm, was honored with the Association for Corporate Growth Houston’s prestigious “Deal of the Year” award for 2022, also winning in the Transportation & Logistics category, at the ACG sixth annual awards ceremony April 25 at River Oaks Country Club.
Securing both awards was the sale of Firebird Bulk Carriers and Phoenix Oil to Adams Resources & Energy, in which KingsPoint served as exclusive financial advisor.
“KingsPoint is honored to share this award with our client and deal team on a transaction that had all the markings of a great deal, including exceptional business and personal synergies we uncovered during our process,” said Steven Silverman, founder and managing director of KingsPoint Capital. “With a strong understanding of the industry, Adams Resources was the perfect buyer to help carry on the rapid growth and succession plans at Firebird.”
The deal garnered the highest score across all awards criteria, which included details such as transaction value range, industry focus and type of transaction, as well as anecdotal commentary on what makes the deal unique. Judges evaluated deals based on awards submissions as well as the overall story, economic and strategic impact, stakeholder value and professional expertise.
“It really is a testament to the quality of deals and dealmakers that all these transactions were closed in 2022, especially when considering the softening we experienced in the overall deal market last year,” said Carlos Elizondo, event chair and head of originations at PNC Business Credit.