The boutique mergers-and-acquisitions shop Perella Weinberg Partners is buying Tudor, Pickering, Holt & Co. (TPH), a small energy-focused investment bank.
TPHs energy practice will continue to operate under its name, while the combined entity will take on Perellas name.
We recognise the preeminent role that TPH has built as an energy banker in North America, the respect it has earned in the industry, and its leadership and strong voice in Houston, Perellas CEO, Robert Steel, said in a statement.
We believe TPHs strong suite of asset management strategies and solutions are poised to benefit from recovery in the energy market and well-suited to drive further growth and value for investors.
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