Can anyone give me some insight into what the best Houston investment banks are for M&A work? My end goal is to do corporate development/M&A at a midstream company later on in my career. I am an MBA student so I would be going in as an Associate. Thanks.
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This should be helpful. http://www.wallstreetoasis.com/forums/houston-energy-ib-scene
From what I've heard from someone working there, BAML is pretty good in midstream
Evercore's been killing it down there.
There are some energy-specific shops that are worth looking into as well, like TPH and Simmons
BAML and ML for midstream
Citi and Barclays for midstream, then GS.
Not ranked but the best for midstream:
Citi Barclays BAML Evercore
For Midstream I've been interested in Simmons & Company (I'm in a similar situation as you but do not have an MBA and currently work in Business Development).
Looking at Simmons transactions they have advised on some high profile midstream deals. For example, NET Midstream being acquired by NextEra Energy Partners for $2.1 billion, EnLink Midstream Partners have been represented by the firm in separate deals in excess of $1.8 billion).
I've spoken to someone in the bank and they come off as honest and upfront but encouraging and are well respected with very little turnover among employees. They also pull most of their analysts from the intern class so I suspect they do the same for their associates.
If I were you I would reach out to the Middle Market and boutiques via LinkedIn, college alumni, etc and schedule info sessions and get your name out there and see what happens.
Good Luck!
top banks in Houston - GS, DB, BAML
Wat
I've talked to a few more banks recently and, although this has probably been stated already Tudor, Pickering & Holt (TPH) is strong in upstream (this is their bread and butter) with midstream being the next best focus AFAIK.
Simmons by far is the better bank for oilfield services and equipment (bread and butter) with midstream and some upstream being the next best focus.
More of an opinion I found Simmons to be better in terms of the people, culture, and opportunities from my conversations. I was not impressed with some of the TPH analysts that they've hired who come off as entitled and not as knowledgeable of the industry that they focus on.
Houston - Investment Banking (OIL) (Originally Posted: 08/05/2015)
With the recent oil prices, what will happen to Investment Banking in Houston?
This has been covered, but wanted some insight with the recent plunges.
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