Houlihan Lokey to Acquire Intrepid Financial Partners

About this update from Houlihan Lokey, Inc.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has agreed to acquire Intrepid Financial Partners, LLC (Intrepid), a premier independent investment bank specializing in providing advisory services to the energy sector. The transaction, signed June 27, 2026, adds substantially to the firm’s comprehensive coverage of the energy sector. The transaction is expected to be completed before September 30, 2026, following regulatory approval. Intrepid Investment Management, LLC, Intrepid’s investment management business, is not part of the transaction and will continue to operate as a separate entity under the same name.Founded in 2015 by Hugh E. “Skip” McGee III and Christopher F. Winchenbaugh, Intrepid is a leader in providing mergers and acquisitions, fairness opinions, capital raising, and restructuring services to clients across the energy sector, including exploration and production, midstream and infrastructure, downstream and retail, energy services and technology, and energy transition. Since its founding, Intrepid has advised on more than 120 transactions in the energy sector totaling more than $215 billion.“Intrepid’s suite of services is a perfect match with Houlihan Lokey, and its comprehensive coverage of the energy sector adds significantly to our longtime strategy of delivering the deepest possible sector expertise to our global client base. This acquisition is an outstanding addition to the Oil & Gas Group and to our overall business as we continue to grow our capabilities,” said Larry DeAngelo, Global Co-Head of Corporate Finance at Houlihan Lokey.Following the transaction, the Intrepid team will join Houlihan Lokey’s global Oil & Gas Group. Mr. McGee, CEO of Intrepid, will join as a Managing Director and Global Chairman of Oil & Gas. Mr. Winchenbaugh, President of Intrepid, will join as a Managing Director and Global Co-Head of Oil & Gas alongside J.P. Hanson, currently Global Head of Oil & Gas at Houlihan Lokey. The acquisition will add 34 financial professionals to Houlihan Lokey’s Oil & Gas team, bringing the global team to more than 70 financial professionals worldwide. On a pro forma basis, according to data from LSEG, the new combined group advised on 23 U.S. Energy and Power M&A transactions in 2025.“Houlihan Lokey’s comprehensive matrix of products, services, and global footprint, alongside a pass...

View stock analysis, news, and events for Houlihan Lokey, Inc.