JERRY RICHARDS

SVP, Business Development

Cell: (714)309-4510

Office: (805) 965-5510

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Jerry Richards, Senior Vice President of Business Development, has enjoyed a long and successful career in the petroleum industry, and brings to Corner Capital a lifetime of relationships and expertise in all aspects of our business.

Early in his career, Jerry worked internationally with Exxon, managing energy supply for the US Government in Southeast Asia, and subsequently led the re-introduction of the Esso brand into the South Pacific. Upon his return to the States, Jerry became Corporate Credit Manager of Getty Oil based in Tulsa, Oklahoma. After the sale of Getty Oil, he became Credit and Finance Manager of Texaco, where he managed corporate workouts and bankruptcies, and served as Committee Chairman during numerous high profile bankruptcies. He also developed and implemented the first joint venture in the U.S. between Texaco and its wholesale distributor. Due to the scarcity of funding to the retail petroleum distribution industry as a result of environmental concerns, Jerry negotiated a guaranteed loan program with CitiCorp which funded over $300 million in a four year period.

Jerry Richards joined CitiCapital Franchise Finance in Irvine, California where he assisted in the startup of its loan program for petroleum distributors, originating over $400 million in loans. After the Citi sale of its Franchise Finance business, Jerry was manager of a $500 million convenience store and a gas portfolio for GE Capital in Irvine California.

An alum of Drexel University, Jerry has an MBA in Finance from the University of Pittsburgh and a Juris Doctorate from Western State University in California.

“Corner Capital demonstrated patience and persistence in our negotiations over a year’s time, solving a complex structuring project. The end result was a tremendous amount of value and a great long-term relationship.”
-Rene Anabi, Anabi Holdings North Master, LLC
“Lard Oil recently engaged Corner Capital Advisors on two projects, first to assist in an acquisition opportunity and the other to manage the process to refinance our Sr. term and revolver facilities. The CCA team brought a wealth of knowledge and expertise and did so under our strict timelines and expectations. I have no reservations of recommending their firm and intend to engage with them as other opportunities present themselves.”
-Johnny Milazzo, President and CEO – Lard Oil Co., Denham Springs, LA
“The folks at Corner Capital demonstrated great leadership and industry knowledge managing our financing requests. I was able to consolidate my debt structure, reduce costs, and create capacity to meet our growth needs. I’ve recommended them to my peers and my customers.”
-Jeffrey Magness, Magness Oil Company
“Corner Capital led us through a strategic analysis of our branded dealer business, interfacing with our Board throughout. When the Board determined to exit that segment, Corner Capital expeditiously executed our structured sale process and outperformed our value expectations.”
-Ken McPherson, The McPherson Companies, Alabama
“Corner Capital successfully negotiated and facilitated my refi project and helped me find additional capital to support my ongoing growth plans. They managed all aspects of the project very well and I would not hesitate to use them again or to recommend them to other marketers.”
-Carlos Garza, La Lomita
“Andy Weber and his team at Corner Capital have done exceptional work supporting transactional, valuation, and various proprietary initiatives at our companies. Andy’s extensive industry experience, technical competence, and practical "real world" approach is a valued resource to our organization. The Corner Capital team consistently delivers-----and always in a most timely and impactful manner.”
-M.J. Castelo, Managing Member & President – Andretti Petroleum LLC / Peninsula Petroleum LLC / Humboldt Petroleum Inc.
“On several occasions, we were approached with different opportunities to exit the industry. Before giving any real consideration to any of those options, my family engaged Corner Capital to provide a Fair Market Valuation for our business. As a result, we furthered our engagement to allow Corner Capital to manage the structured process for our exit strategy. Their knowledge, industry experience, and personal touch provided Lois and me the comfort needed to successfully close our transaction with Sunoco. Without a doubt, a wise decision on our part to bring the Corner Capital team into our process.”
-Jim Kolkhorst, Kolkhorst Petroleum & Rattlers Convenience Stores, Texas
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