New Orleans, Louisiana
PetroCom, Sola Communications and Coastel Communications have consolidated to form one telecommunications powerhouse – Broadpoint. Broadpoint is a comprehensive telecommunications company devoted to meeting the specific needs of the oil and gas industry. The company offers a complete range of cellular and satellite communications solutions and operates the world’s largest offshore cellular network covering 100,000 square miles in the Gulf of Mexico.
Champion Broadcasting Corporation
Champion Broadcasting Corporation (“Champion”) was a radio station broadcasting company with an emphasis on acquiring and building AM/FM duopolies. The company’s strategy was to acquire multiple stations in regional rural markets that complemented each other. Once the stations’ management teams were consolidated, Champion reduced general and administrative costs on the operation of the stations. Customers gained the advantage of having a single operator that was able to provide advertising on multiple stations at a savings to the customer. Advantage Capital exited this investment in 1998 when Champion sold all of its assets to Capstar Acquisition Company, Inc.
Computerized Processes Unlimited, LLC
CPU is a diversified systems integration and software company that serves the needs of process industry companies. CPU’s Process Information Management System (“PIMS”) division is currently providing data monitoring and control systems to a number of major pipeline, offshore oil production and process manufacturing operations. Advantage Capital exited this investment when the Company sold its Plant Automation and Integration (“PAI”) division, which developed enhanced messaging middleware systems to facilitate connectivity between a manufacturing plant’s existing software applications and the plant’s ERP systems, to Aspen Technologies, Inc.
Enterprise Corporation of the Delta
ECD is a private, nonprofit community development financial institution (CDFI) that provides commercial financing, mortgage loans and technical assistance to support businesses, entrepreneurs, home buyers and community development projects. ECD’s mission is to strengthen communities, build assets and improve lives of people in economically distressed areas of Arkansas, Louisiana, Mississippi, and Memphis, Tennessee.
Hornbeck Offshore Services, Inc.
Hornbeck Offshore Services, Inc. is a leading provider of marine transportation services through the operation of newly constructed deepwater offshore supply vessels in the Gulf of Mexico and ocean-going tugs and tank barges in the northeastern U.S. and in Puerto Rico.
The company went public on the New York Stock Exchange in March 2004 (NYSE: HOS).
Nova Technology Corporation
Nova is a provider of products and services for downhole maintenance and production on deep oil and gas wells, allowing operators to reduce operating costs and enhance production. The company services some of the deepest exploration platforms in the Gulf of Mexico and the world.
The company was sold to Baker-Hughes (NYSE: BHI) in 2005.
Omni Energy Services, Corp.
OMNI Energy Services Corp. provides a broad range of integrated services to both geophysical and exploration and production companies engaged in the acquisition of on-shore 3-D seismic data, especially in logistically difficult and environmentally sensitive terrain. The company operates three business units: Seismic Drilling, Seismic Surveying, and Helicopter Support. The company went public in December 1997 (NASDAQ: OMNI).
Radiation Therapies, LLC
Lake Charles, Louisiana
Radiation Therapies has developed a medical technique designed to reduce restenosis, a condition in which blood vessels constrict following balloon angioplasty. The procedure involves the administration of a very low level radioactive charge to the walls of an artery, via a source wire inserted through a catheter. The company holds exclusive patents to this technology, which has been endorsed by some of the world’s leading cardiologists.