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Callaway to lead expanding oil and gas practice at Great American Group

Great American Group Inc. (OTCBB: GAMR) is expanding its oil and gas practice with the addition of Robert Callaway as vice president, Head of Oil and Gas.

Callaway, an executive with more than 20 years of experience, will utilize his expertise in the oil and gas sector to support Great American Group’s growing business. Callaway’s responsibilities will include business development and oversight of the oil and gas practice.

“There is an oil and gas revolution going on in the United States,” said Marc Musitano, COO of Great American Group’s Machinery and Equipment Division. “With US oil production up 40% since 2008, and the US expecting to produce 7.3 million barrels per day this year, GA is increasing its presence to support that growth,” continued Musitano. “Robert’s wealth of industry knowledge and expertise will help us to better serve our customers while also positioning us as an industry leader in the sector.”

In addition to the hire of Callaway, Great American Group is further investing in its oil and gas practice by expanding its Dallas office.

Prior to joining Great American Group, Callaway most recently served as vice president of Waughtal Management LLC, where he managed nine separate legal entities totaling $50 million in annual revenue. Prior to that, he was vice president with Callaway Energy LLC, where he cultivated existing and new business relationships to participate in drilling projects ranging in size from $1 to $30 million.

Callaway earned a Bachelor of Business Administration in Finance from the University of Texas at Austin and an MBA from Vanderbilt University.

Great American Group is a provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services.

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