Baird and Detring Energy Advisors Announce Exclusive Investment Banking Alliance Targeting the Midstream Energy Sector
HOUSTON – August 22, 2019 – Baird, an employee-owned, international financial services firm, and Detring Energy Advisors (Detring), a premier upstream acquisition and divestiture firm, today announced that they have formed an exclusive alliance to jointly provide strategic advisory and mergers and acquisitions advisory (M&A) services to midstream energy companies. Through the alliance, the firms will leverage Baird’s midstream expertise and global M&A platform with Detring’s leading-edge technical industry knowledge and evaluation capabilities, with a goal to provide clients with the highest level of independent advice and transaction execution services available in the industry.
Baird is a leading global investment bank focused on the middle market with more than 350 investment banking professionals in the U.S., Europe and Asia providing corporations, entrepreneurs, private equity and venture capital firms with in-depth market knowledge and extensive experience in merger and acquisition, debt advisory and equity financing transactions. Since 2014, Baird has completed more than 540 advisory transactions, representing more than nearly $150 billion in transaction value, and 424 financings, raising more than $110 billion. Baird established an Energy Investment Banking practice in 2010 and has completed over 220 midstream, upstream and oilfield services equity and advisory transactions. The Baird Energy Investment Banking team continues to grow, including the addition of an experienced oilfield services banking team based in Baird’s Houston office.
Based in Houston, Detring is a leading middle market A&D advisory firm which has completed over $2.4 billion in U.S. upstream transactions since the company’s establishment in Sept. 2014. Together with its affiliates, Detring employs 15 professionals covering finance, geology, engineering, and operations, enabling the firm to provide premium advisory services to its clients throughout the broader energy sector.
Commenting on the new advisory alliance, Curtis Goot, Co-Head of Baird’s Energy Investment Banking Group said,“We are very excited to be teaming up with Detring Energy Advisors, a firm that has been growing rapidly by using its state-of-the-art technical knowledge and strong execution skills to help upstream clients divest oil and gas properties at premium valuations.”
Frank Murphy, Co-Head of Baird’s Energy Investment Banking Group, added: “Detring’s technical capabilities, combined with Baird’s midstream industry and M&A expertise, will allow us to provide top-tier strategic advice and transaction execution to our clients.”
“We are very pleased to be partnering with Baird, who has been an active and well-respected advisor to midstream companies, independent boards and private equity sponsors,” said Derek Detring, President of Detring. “We have confidence that our in-depth upstream technical services and state of the art evaluation capabilities, combined with Baird’s midstream expertise and M&A capabilities, will enable us to provide our joint clients with the best possible outcomes.”
Celebrating its 100th anniversary in 2019, Baird is an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm with offices in the United States, Europe and Asia. Baird has approximately 4,500 associates serving the needs of individual, corporate, institutional and municipal clients and more than $200 billion in client assets as of Dec. 31, 2018. Committed to being a great workplace, Baird ranked No. 16 on FORTUNE’s 2019 100 Best Companies to Work For – its 16th consecutive year on the list.
Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s website at www.rwbaird.com.
About Detring Energy Advisors
Detring Energy Advisors was founded in September 2014 to provide best-in-class A&D advisory services to the middle market U.S. energy sector. Detring is located in Houston, Texas, and currently employs 15 full-time advisory professionals. For more information, please visit Detring’s website at www.detring.com.