Mr. Palma has served as the Chief Financial Officer for B-29 Investments, LP (“B-29”) since joining the firm in September 2006. Mr. Palma’s primary responsibilities include asset management, transaction advisory, commercial banking and financial sponsor relationship sourcing, business development, and financial reporting. In addition, Mr. Palma assists with evaluating and executing new investment opportunities and ongoing portfolio company initiatives.
In terms of portfolio company involvement, Mr. Palma most recently served on the board of TEC Well Service, a premier well servicing company providing integrated workover and completion rig solutions for the more complex demands of unconventional, horizontal wells through its locations in East Texas, the Permian Basin, and Colorado. He also served on the board and in the role of the Chief Financial Officer for Crest Pumping Technologies from its November 2011 inception until its merger into Nine Energy Service at the conclusion of the second quarter of 2014. Lastly, Mr. Palma previously served as the Chief Financial Officer of Select Energy Services [now a subsidiary of Select Energy Services, Inc. (NYSE: WTTR)] during its transformation from one business line into a platform of oilfield service offerings during its high-growth phase in 2007 and 2008. Currently, Mr. Palma serves on the board of ENGlobal (NASDAQ: ENG), a specialty engineering services firm that focuses on oil and gas automation solutions, subsea control systems and engineering and construction projects.
Prior to serving in these capacities, Mr. Palma spent two years attending the Harvard Business School, where he earned a Masters in Business Administration. Before attending graduate school, Mr. Palma spent three years in the Energy Investment Banking group at Raymond James and Associates in Dallas. His experience includes merger and acquisition advisory, public equity and debt offerings, and private placements for small and middle capitalization oil and gas firms. Mr. Palma holds a Bachelors and Masters degree in public accountancy from the University of Texas at Austin and is licensed as a Certified Public Accountant in the state of Texas.
Mr. Palma remains active in the community, currently serving as Chairman of the Trust Committee for the James L. Collins Catholic School. He is a past board president of the Corsicana Country Club and a past board member of the Harvard Business Club of Dallas and the Corsicana Country Club.