"The combination of Petrie Parkman's upstream oil and
gas expertise with Merrill Lynch's diversified global energy platform
has created a compelling offering of world-class divestiture service
to the energy industry."
Tom Petrie
Vice Chairman
Merrill Lynch & Co. |
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Merrill Lynch Petrie Divestiture Advisors (MLPD) is a leader
in asset divestitures and private company sales in the oil and gas
industry. Formed through the acquisition of Petrie Parkman & Co.
by Merrill Lynch at year-end 2006, MLPD is led by the former asset
divestiture banking team from Petrie Parkman, whose transaction
record advising public and private energy companies on strategic
sales initiatives for nearly two decades is unmatched in the industry.
The Petrie Parkman divestiture advisory business was established in 1989 under the leadership of Randall E. (Randy) King. Since 2003, the divestiture advisory team members have advised on more than 60 energy-related divestiture transactions,
representing an aggregate value of over $26 billion. We bring together
decades of experience, broad industry knowledge and technical expertise
to build a credible "roadmap to value" to help our clients achieve
optimal deal results. Notable recent client successes include McMoRan
Exploration, Laramie Energy, Stone Energy and Chief Oil & Gas.
As part of the Merrill Lynch global family of products and services,
MLPD is able to draw on capital raising capabilities from both the
public markets and private sources, as well as topnotch hedging
products to greatly enhance the range of strategic solutions we
offer. The oil and gas industry can continue to count on the unbiased,
expert advice and best-in-class transaction execution it's come
to trust from the team at MLPD, augmented by Merrill Lynch's dedicated
energy team worldwide.
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