We collaborate with oil and gas and private capital companies to maximize returns across the investment cycle. Our offerings span capital raising, opportunity identification, due diligence, portfolio enhancement, operational improvements, and strategic exits.
How We Help Clients
M&A & Integrations
We collaborate with oil and gas and private capital companies to maximize returns across the investment cycle. Our offerings span developing investment themes, assisting capital raising, opportunity identification, due diligence, post-merger management and integration, portfolio enhancement, operational improvements, and strategic exits.
How we can help
We support clients throughout the investment life cycle, enhancing their strategy and development. Our offerings include:
Opportunity identification
We collaborate with companies to develop compelling investment themes and deal theses that align with their capabilities and needs.
Pre-diligence
We assist oil and gas companies and private capital companies in identifying and qualifying opportunities through a structured process, uncovering potential targets across the oil and gas value chain, and providing proactive, investable insights and thematic ideas. Our proprietary AI tools ensure that we evaluate both public and private companies as potential target companies.
Due diligence
We empower companies to gain a comprehensive understanding of investment targets by conducting thorough analyses of market outlook and trends, competitive landscapes, and financial health. We also assess strategic and operational value creation levers and potential risks. Our insights enable informed decision-making and strategic alignment with investment goals.
Merger integration
We guide companies in achieving successful integration by addressing critical factors, such as cross-functional integration, risk and interdependency management, organizational design and talent management, and culture and change management. We design customized programs that are suited to the size and complexity of the transaction - often including a pre-close phase to ensure a flawless “Day 1”, an overall strategic value creation plan, tactical value capture plans, and a coordinated central acceleration office.
Exit strategy and divestment
We prepare owners for a maximum value exit through a three-phased approach, covering planning, preparation, and execution for auctions and IPOs.
Portfolio value creation
We partner with management to elevate portfolio value through rapid diagnostics, value creation planning, and transformation. Our approach encompasses both inorganic and organic growth opportunities, as well as strategic exits and divestments, ensuring a comprehensive strategy for maximizing returns.
Portfolio and M&A risk management
We provide comprehensive risk assessment and mitigation strategies to safeguard investments and ensure sustainable growth.
Portfolio and M&A digital transformation
We assist companies in utilizing digital technologies to optimize operations, enhance decision-making, and drive innovation.
Portfolio and M&A sustainability and ESG advisory
We offer guidance on integrating sustainability and ESG considerations into investment strategies to meet regulatory requirements and stakeholder expectations.
Additionally, we assist clients in refining their overall investment strategy and M&A approach.
Examples of work
Due diligence support
Helped a private equity company rapidly evaluate targets in the oilfield service and equipment segment through multiple rounds across various subsegments.
Strategy design and execution for a portfolio company
Developed a growth strategy for a portfolio company in the upstream space to double its enterprise value and identified growth opportunities across geographies and adjacencies to improve overall performance.
Holistic transformation of a private-equity-owned refinery
Delivered significant operational and financial improvements through a holistic transformation across operations, reliability, maintenance, procurement, capital expenditure, and workforce.
Integration planning and execution
Supported the merger integration of two upstream companies. Delivered over $100 million in incremental annual revenue, improved gross margin to 30 percent, and significantly exceeded overall synergy aspirations.
Exit support
Helped a private equity company exit an oilfield turbomachinery asset at about a 1.5x valuation premium over initial estimates. This enhanced the portfolio strategy to target buyers effectively, drove about a 35 percent EBITDA uplift through rapid operational improvements, and strengthened the equity story to maximize exit value.
Featured capability

Energy market modeling and data
We provide strategic and tactical market intelligence services, access to distinctive energy market modeling, deep market insights, and proprietary data in the fields of energy markets and energy transition.
Our people

Spandan
PartnerHouston
Advises corporates and investment funds on strategy, M&A, and value creation in the energy sector, drawing on over 20 years of global experience with PE-backed and large-cap companies. Leads the energy private capital service line.

Luciano Di Fiori
PartnerHouston
Advises clients on strategy and M&A issues across North American unconventional resources, global upstream, oilfield services, and midstream, in addition to coleading Energy Solutions globally
Featured insights
Report
Global Energy Perspective 2025
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Geopolitical uncertainty, shifting policies, and increasing demand for power are reshaping the energy landscape. In this year’s...
Article
Improving refinery margins through value chain optimization
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For North American downstream oil refineries, now is the time to improve value chain optimization through focused, management-led...
Article
Key considerations for CEOs in the oil and gas sector
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The oil and gas industry has recently seen strong financial performance and is refocusing on its core, but it still needs to...
Article
Refinery transactions: A window of opportunity?
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There is a dichotomy in refinery ownership, with some players reducing their refining portfolios while others see the significant...
Article
Beyond G&A: Maximizing synergy from oil and gas mergers
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In the coming consolidation wave, exploration and production companies can raise the aspiration on deal synergy and move beyond...
Article
Success in the M&A rebound: Riding the coming wave of upstream deals
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Historically high cash generation across the North American upstream industry could create the perfect market conditions for...





