NGP Capital Resources hires KBW, will explore strategic alternatives

|By:, SA News Editor

NGP Capital Resources (NGPC) says it has engaged Keefe, Bruyette & Woods to evaluate strategic alternatives.

The board will consider a "sale or merger, the acquisition of existing investment portfolios, or a combination, joint venture or other strategic alliance with another company."

CEO Steve Gardner says the company has thought from time to time about such things, but the board ultimately decided that now was the time "to formalize the process and hire KBW." (PR)