Raven Resources Corp. Acquires Grove Electric & Lighting Supply Grove, OK

Grove, OK – November 1, 2024 - Raven Resources Corp. has successfully acquired Grove Electric & Lighting Supply from its owner, Caisha Wholesale Electric. This acquisition marks a significant milestone for Grove Electric, promising a seamless transition and continued commitment to its valued customers and vendors.

Jerry Smith, the retiring owner of Grove Electric, expressed his confidence and excitement about the future of the company under new ownership, prior to his recent passing. "Grove Electric has thrived under my leadership, and I am thrilled to see it continue to grow under the guidance of Raven Resources. Paul Scribner and the Raven team have my complete support. Their commitment to excellence and customer service aligns perfectly with our values. I am confident that Grove Electric will continue to thrive and expand its legacy of outstanding service," said Jerry Smith.

Paul Scribner, CEO of Raven Resources Corp., shared his enthusiasm about the acquisition. "We are excited to welcome Grove Electric & Lighting Supply to the Raven Resources family. The team at Raven Resources Corp., led by officers Jamie Moss and Steve Kelly, has worked diligently to ensure a smooth transition. We are confident that under our stewardship, and with Tim Williams continuing as manager, Grove Electric will continue to deliver exceptional service and innovative products to its customers."

Raven Resources Corp. dedicates itself to unlocking the potential of strategic investments. With a focus on seizing opportunities and reacting to events, Raven Resources actively participates in the growth of its portfolio companies by providing back-office administration, financial direction, management consulting, corporate governance, and brand strategy.

Chuck Woolley at Kingsley Group provided sell-side brokerage services to the seller. Derek R. Staub at Frost Brown & Todd and Mike Nichols at Spencer Fane provided legal services to Raven Resources Corp. Logan Hathcoat at Hathcoat Wade provided legal services to Caisha Wholesale Electric. Amanda Kastler, CPA at Elliott Robinson & Co. CPAs provided tax and structural advice to Raven Resources Corp. OakStar Bank provided financing to Raven Resources Corp. for the purchase. 

The financial terms of the transaction were not disclosed.

About Raven Resources Corp.

Raven Resources Corp. (RVN) dedicates itself to unlocking the potential of strategic investments. RVN invests in a select number of companies and actively participates in their growth by providing back-office administration, financial direction, management consulting, corporate governance, and brand strategy.

Based in Dallas, Texas, RVN specializes in buy-side investing with a focus on seizing opportunities and reacting to events. RVN's investment portfolio encompasses three main categories: real estate, construction and construction materials, and private credit.

About Grove Electric & Lighting Supply

Grove Electric & Lighting Supply (Grove), in operation for approximately 27 years, offers a comprehensive range of electrical supplies essential for daily use by both residential and commercial contractors, as well as individual customers. The dedicated staff at Grove, in place for over 17 years, prioritizes understanding and anticipating customer needs, ensuring exceptional service by maintaining a well-stocked inventory. They actively seek out innovative and valuable items to enhance their product offerings, customer experience, and vendor relationships.

Media Contact:
Kelly Delp
kdelp@rvn.rs
(214) 865-9083

Raven Resources Corp. Initiates Buyout Negotiations Between Paul Scribner and the Long Trust

September 24, 2024

Dallas, TX – September 24, 2024 – Raven Resources Corp. has commenced buyout negotiations between its Chairman and CEO, Paul Scribner, and the Long Family Trust, one of the company’s longstanding shareholders.

The discussions are aimed at restructuring ownership as part of Raven’s broader plan to strengthen its capital base and position the company for future growth.

"This is a constructive and strategic step forward as we continue to align the company’s leadership and long-term vision," said Paul Scribner, CEO of Raven Resources Corp. "We appreciate the history and contributions of the Long Family Trust and are working collaboratively toward a resolution that supports our ongoing success."

The company expects to announce further developments as negotiations progress.

About Raven Resources Corp.

Raven Resources Corp. is a diversified investment and asset management firm focused on real estate, private credit, structured finance, and strategic equity investments. With a disciplined approach to capital deployment, Raven Resources partners with high-growth businesses, hospitality ventures, and entertainment initiatives to drive long-term value creation. The company’s portfolio includes structured financial instruments, land development, and investment in brand-driven entertainment projects. Committed to financial stability and innovation, Raven Resources continues to expand its footprint through strategic partnerships, asset acquisitions, and market-driven investment strategies.

Media Contact:

Kelly Delp
kdelp@rvn.rs
(214) 865-9083

Raven Resources Corp. Appoints OakStar Bank as a Financial Services Partner

September 3, 2024

Dallas, TX – September 3, 2024 – Raven Resources Corp. has selected OakStar Bank as a financial services provider, further reinforcing its commitment to financial growth and investment expansion.

OakStar Bank will play a key role in supporting Raven’s financing initiatives, providing access to commercial lending, treasury management, and customized banking solutions that align with Raven’s long-term investment strategy.

"Our partnership with OakStar Bank strengthens our financial infrastructure and supports our broader investment strategy," said Paul Scribner, CEO. "Their expertise in corporate finance will help us execute key transactions and enhance operational efficiency."

Steve Kelly, President of Raven Resources Corp., stated: "OakStar Bank’s commitment to business banking solutions will provide Raven with the necessary tools to optimize our financial operations. Their support will be instrumental as we expand and develop new investment opportunities."

This appointment aligns with Raven’s mission to build strong banking relationships that drive financial agility and growth.

About Raven Resources Corp.

Raven Resources Corp. is a diversified investment and asset management firm focused on real estate, private credit, structured finance, and strategic equity investments. With a disciplined approach to capital deployment, Raven Resources partners with high-growth businesses, hospitality ventures, and entertainment initiatives to drive long-term value creation. The company’s portfolio includes structured financial instruments, land development, and investment in brand-driven entertainment projects. Committed to financial stability and innovation, Raven Resources continues to expand its footprint through strategic partnerships, asset acquisitions, and market-driven investment strategies.

Media Contact:

Kelly Delp
kdelp@rvn.rs
(214) 865-9083

Raven Resources Corp. Pursues Discussions on a Potential Partnership with Hasbro for Middle East Venues

August 20, 2024

Dallas, TX – August 20, 2024 – Raven Resources Corp. is currently in exploratory discussions with Hasbro Inc., through Hasbro licensee and Raven investee, Imagine Hospitality, regarding a potential partnership for select entertainment venues in the Middle East.

The discussions center around opportunities to integrate Hasbro’s globally recognized brands into entertainment, leisure, and family attraction developments across the region. With a focus on experiential entertainment and brand-driven hospitality, the collaboration aims to expand Hasbro’s footprint into high-growth markets while aligning with Raven’s broader investment strategies.

"We see significant potential in working with Hasbro to develop venues that combine world-class intellectual properties with immersive experiences," said Paul Scribner, CEO of Raven Resources Corp. "The Middle East presents a unique opportunity for brand expansion and family entertainment, and we look forward to furthering these discussions."

Raven Resources remains committed to exploring strategic partnerships that enhance its investment portfolio and global entertainment presence.

About Raven Resources Corp.

Raven Resources Corp. is a diversified investment and asset management firm focused on real estate, private credit, structured finance, and strategic equity investments. With a disciplined approach to capital deployment, Raven Resources partners with high-growth businesses, hospitality ventures, and entertainment initiatives to drive long-term value creation. The company’s portfolio includes structured financial instruments, land development, and investment in brand-driven entertainment projects. Committed to financial stability and innovation, Raven Resources continues to expand its footprint through strategic partnerships, asset acquisitions, and market-driven investment strategies.

Media Contact

Kelly Delp
kdelp@rvn.rs
(214) 865-9083

Raven Resources Corp. Appoints Mercurius & Associates LLP as Interim Auditors

July 25, 2024

Dallas, TX – July 25, 2024 – Raven Resources Corp. has appointed Mercurius & Associates LLP as interim auditors, ensuring continued financial oversight and compliance during a key period of corporate restructuring.

Mercurius & Associates LLP specializes in corporate audits, financial compliance, and advisory services, providing tailored solutions for companies undergoing structural and operational transitions.

Leading the engagement is Ankit Jain, a senior audit professional with extensive experience in forensic accounting, risk management, and corporate financial restructuring. Jain has played a pivotal role in guiding companies through complex audits and regulatory frameworks, making him a valuable asset to Raven Resources during this transitional period.

"The appointment of Mercurius & Associates ensures that our financial reporting remains accurate and transparent throughout this period of transition," said Paul Scribner, CEO. "Their interim engagement, supported by Ankit’s deep audit expertise, will help maintain financial integrity as we execute key strategic initiatives."

Raven Resources continues to prioritize strong financial governance and rigorous auditing practices to uphold investor confidence.

About Raven Resources Corp.

Raven Resources Corp. is a diversified investment and asset management firm focused on real estate, private credit, structured finance, and strategic equity investments. With a disciplined approach to capital deployment, Raven Resources partners with high-growth businesses, hospitality ventures, and entertainment initiatives to drive long-term value creation. The company’s portfolio includes structured financial instruments, land development, and investment in brand-driven entertainment projects. Committed to financial stability and innovation, Raven Resources continues to expand its footprint through strategic partnerships, asset acquisitions, and market-driven investment strategies.

Media Contact

Kelly Delp
kdelp@rvn.rs
(214) 865-9083