Focus Areas
The firm brings three cross-cutting disciplines — Capital Markets, Commercialization, and Transformation & Optimization — to engagements across five market ecosystems where commodity cycle, capital flow, infrastructure, and operating reality intersect.
Core Disciplines
These are the disciplines the firm brings into every engagement — capital fluency on one side, commercial system design on another, and the transformation and operating cadence that converts strategy into compounding execution on the third.
23.5 Strategies helps companies and investors translate operating reality into capital markets judgment. The firm supports investment thesis development, capital allocation, transaction readiness, strategic alternatives, value creation planning, and investor-facing narrative.
Commercialization is where strategy becomes revenue. 23.5 Strategies helps companies optimize existing commercial platforms and launch new growth businesses through pricing, customer strategy, go-to-market planning, partnerships, revenue models, contracts, and execution.
Phased transformation, operating optimization, process improvement, and business-model and structural redesign for businesses moving through inflection — reliability, cash discipline, commercial performance, and the multi-year operating cadence that compounds value rather than dissipates it.
Core Markets
The firm works at the seams between commodity, capital, infrastructure, and operating reality. Each cluster below carries its own thesis, decision situations, and dedicated detail pages.
Market 01
Where commodity cycle, asset reliability, regulation, and customer economics intersect — and where value is created or compressed by how leadership reads the system rather than the screen. The firm advises across oil and gas, refining, renewable fuels, downstream fuels marketing, and the logistics that move them.
Energy strategy requires more than market commentary. 23.5 Strategies advises companies and investors across oil and gas, renewables, downstream, fuels, logistics, and energy infrastructure with an operator-led view of markets, assets, margins, policy, capital cycles, and execution.
Fuels and distribution businesses create value through pricing, supply, logistics, contracts, customer mix, working capital, and execution. 23.5 Strategies advises fuel marketers, distributors, gas station owners, trucking businesses, and investors on margin optimization and growth.
Market 02
Load growth, grid constraints, permitting velocity, and infrastructure capital cycles are reshaping the industrial economy. The firm advises operators, capital partners, and project sponsors at the intersection of power generation, grid strategy, and the long-lived assets that carry economic activity.
Power is becoming a strategic constraint and growth opportunity across the industrial economy. 23.5 Strategies helps clients evaluate generation, distribution, reliability, infrastructure, demand growth, commercial models, and capital implications.
Infrastructure strategy requires more than a spreadsheet. 23.5 Strategies advises energy and industrial infrastructure clients on market need, commercial feasibility, diligence, development strategy, stakeholder alignment, utilization, capital discipline, and value creation.
Market 03
Feedstock economics, manufacturing performance, customer mix, and end-market demand decide whether a chemicals or specialty materials business creates durable value. The firm helps operators and investors connect commercial decisions to operating realities and capital outcomes.
Market 04
Global logistics — ports, rail, trucking, terminals, distribution — sits at the seam between strategic intent and physical reality. The firm advises capital partners and operators on the asset-heavy logistics platforms that move energy, industrial, and consumer goods at scale.
Market 05
Industrial and manufacturing businesses create durable value when the operating model, capital cadence, and commercial discipline are in alignment. The firm advises corporates, sponsors, and operating-partner teams across the industrial platforms where execution is the differentiator.
23.5 Strategies helps industrial companies and investors understand strategy, market exposure, customer economics, operating performance, capital allocation, and value creation across complex industrial markets including transportation, aviation, logistics, equipment, services, materials, and industrial technology.
Manufacturing performance depends on the connection between operations, customers, pricing, capital, supply chain, and execution discipline. 23.5 Strategies helps manufacturers identify value levers, improve performance, and build practical growth and operating plans.
