Josh Sherman

Industry Sectors

• Upstream
• Midstream
• Downstream
• Oilfield Services
• Power & Gas
• Commodities Trading & Risk Management

Principle Areas of Practice

• Technical Research & Documentation
• Financial Planning & Analysis
• SEC Reporting
• Financial Due Diligence
• Structural Transactions

Professional Experience

Josh is the Partner in charge of the Complex Financial Reporting and Financial Due Diligence groups of Opportune. Josh has over 25 years of experience in providing public and private clients with technical research, capital markets and financial reporting assistance. He and his team of over 20 professionals assist over 100 clients annually with researching, concluding, and reporting for the most complex transactions affecting their businesses. Josh has led all financial reporting aspects of the Capital Markets process for dozens of private placements, IPOs and reverse mergers (including de-SPAC) across multiple industries. Prior to Opportune, Josh worked in the Deloitte audit and global energy markets departments, where he managed the audits of regulated gas and electric utilities, independent power producers, and energy trading entities.

Josh received his BBA/MPA from The University of Texas at Austin.  He is currently an Independent Board Member of U.S. Energy Development Corp. and the President of the Houston Producers Forum Board of Directors.

Previous industry leadership positions include Audit Committee Chairman, Compensation Committee member, and Board member of publicly-traded companies JP Energy Partners, Trans Energy (Lead Independent Director), and Voyager Oil and Gas. Additionally, Josh has served on the Executive Committee of the KBH Energy Center for Business, Law and Policy at his alma mater, and Chairman of the American Heart Association’s Bear Bryant Awards.  

Representative Projects

• Leads all aspects of clients’ Capital Markets processes, including identifying and resolving SEC reporting issues; drafting the Registration or Proxy Statement; managing the audit timeline; and drafting SEC pre-clearance letters, pro forma financial statements, and responses to SEC comment letters. Project management and organizing client documentation is critical to coordination among attorneys, auditors and underwriters to meet all internal milestones and SEC deadlines.  
• Leads technical consultations on the most complex transactions for Opportune’s clients, in which the firm serves as a liaison and advocate for its clients when working with their Board, management, counterparties or external auditor.
• Leads the implementation of new accounting pronouncements by private and public companies across multiple industries. Notable experience implementing new FASB pronouncements includes but is not limited to: business combinations, consolidation, derivatives, share based compensation, variable interest entities, revenue recognition, and leases.
• Oversees Quality of Earnings engagements and other financial due diligence efforts in support of both buy-side and sell-side acquisitions across multiple industries.
• Advisor to clients on the design of personnel organization structure, including the number, function, and cash/incentive compensation structure of employees. These engagements utilize Opportune’s understanding of the client’s business, financial results, target projections and peer group.