Detring Expands Into Midstream With Baird Partnership

Upstream A&D firm Detring Energy Advisors is linking up with Baird, a multinational independent investment bank and financial services company, to grow its advisory services into the midstream energy sector.

The companies launched a partnership on Aug. 22 to jointly provide strategic advisory and mergers and acquisitions advisory services to midstream energy companies. The partnership is set to combine Baird’s midstream expertise and global M&A platform with Detring’s leading-edge technical industry knowledge and evaluation capabilities.

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 September 2014. Together with its affiliates, the firm employs 15 professionals covering finance, geology, engineering and operations.

“We are very pleased to be partnering with Baird, who has been an active and well-respected adviser to midstream companies, independent boards and private equity sponsors,” Derek Detring, president of Detring, said in a statement. “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.” 

Baird is a global investment bank focused on the middle market with more than 350 investment banking professionals in the U.S., Europe and Asia. 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.

In 2010, Baird established an energy investment banking practice 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. 

Commenting on the new advisory alliance, Curtis Goot, co-head of Baird’s energy investment banking group said in a statement: “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.”

The goal of the alliance is to provide clients with the highest level of independent advice and transaction execution services available in the industry, according to a joint press release from the companies.

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.”