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Cary Street Partners Forms Energy & Commodities Investment Banking Group

Announces Addition of Energy Industry Veteran Craig Shealy as Managing Director and Group Head

RICHMOND, VA (June 20, 2011) –  Cary Street Partners, a Southeastern-based investment banking and wealth management firm, today announced the formation of a dedicated Energy & Commodities investment banking team. The newly formed group will serve companies and investors across the growing global energy and related commodities sectors, including the traditional and alternative energy markets as well as agriculture, energy services and related technologies. The company also announces the addition of Craig Shealy who has joined the firm’s Richmond office as a Managing Director and Group Head of the Energy & Commodities team.

“We are delighted Craig has joined Cary Street Partners and will be leading our Energy and Commodities team,” said Chairman, Mark Gambill. “Over the past decade we have experienced a growing demand for investment banking services from our energy clients. Craig’s hire is yet another step in the on-going expansion of Cary Street Partners’ investment banking business. We welcome his deep industry knowledge, extensive client relationships and successful track record. Craig’s breadth of experience, including most recently as the founder of Osage Bio Energy, will provide a unique perspective in serving the needs of our energy industry clients.”

Mr. Shealy added, “I am extremely excited about helping meet clients’ needs for capital and strategic advice as the energy and commodity-based industries continue to grow and entities seek out consolidation and liquidity opportunities.”

Immediately before joining Cary Street Partners, Mr. Shealy served as Chairman & Managing Partner of BlackCreek Group, an energy-focused investment, development and advisory firm, and as President and CEO of Osage Bio Energy, where he led the development of a $200 million renewable energy and fuels facility in Hopewell, Virginia. Prior to Osage Bio Energy, Mr. Shealy managed a $1.5 billion revenue business unit for Nextel Partners and was a member of the senior management team that positioned the company for its sale to Sprint for just under $10 billion. Before joining Nextel Partners, Mr. Shealy worked in Microsoft’s Corporate Development & Strategy Group. Prior to Microsoft he was a co-founding executive team member of FirstMark Communications, a leading telecommunications infrastructure development firm in Europe and Latin America. Mr. Shealy began his career as an investment banker at Lehman Brothers, where he advised clients in Information Services, Telecommunications and Technology. He is a graduate of Princeton University.