Our advisory business is focused on helping companies, investors and lenders make and execute strategic decisions in the energy industry, whether in exploration & production, oilfield services, midstream, downstream or power. We have a vast amount of experience in each of the areas below.
Mergers & Acquisitions
Our principals have extensive involvement in every energy consolidation phase since the late-1970s and advised in more than 50 public company merger transactions. In fact, Jim Parkman helped build the merger group at First Boston in the 1980s and later Petrie Parkman into the number one energy M&A advisor, as reported in numerous league tables and several publications. Therefore, as one would expect, we are quite familiar and mindful of corporate governance considerations including the duties of directors. Over the years, we have developed close and broad relationships within the energy industry executive community, which we work to maintain today.
Divestitures
Jim Parkman pioneered the creation of the divestiture advisory business in the 1980s. Since then, our principals have completed hundreds of asset transactions, including the largest privatization in U.S. history with the sale of the Elk Hills Naval Petroleum Reserve to Occidental Petroleum Corporation in 1998. We have deep and extensive technical capabilities and a high regard for the complexities and sophistication of energy asset transactions.
Restructuring Advisory
We provide bankruptcy, reorganization and recapitalization advisory services to companies, creditors and investors during distressed circumstances and our principals have broad experience in energy reorgs/recaps spanning the late ‘70s and early 80s, late 1980s, 1998 through 2001 and our most recent distressed cycle.
Private Finance
We represent companies looking for capital from private institutions, such as private equity firms, hedge funds, and high net-worth individuals. Over the past two decades, our principals have served clients in an advisory role creating and financing new energy entities via start-ups, spin-offs and capital formation. We pride ourselves on our ability to provide thorough and objective opinions and analysis on the range of capital sources.
We also have experience in organizing private equity funds and advising private equity clients in exit and liquidation transactions and valuation assignments.
Strategic Advisory
We have a long history of working closely with energy industry clients of all types, including entrepreneurial, corporate, cooperative, institutional, financial, private equity and government, to identify and consider transaction alternatives to achieve financial, operating and strategic goals and objectives.