Jacob Nagy, partner and managing director of Petrie Partners LLC, is today’s Forty Under 40 featured honoree.
As an energy investment banker, Jacob has packed a lifetime’s worth of accomplishments into his 11-year career.
Jacob began his career as an analyst in Merrill Lynch’s Global Energy Group, which eventually merged with Bank of America. He later spent time as an associate before partnering with his former investment banking colleagues to form the Denver-based boutique energy investment banking firm Petrie Partners in 2011.
During that time, Jacob has worked on more than 80 merger, acquisition, divestiture, joint venture, restructuring and financing transactions totaling $50 billion in consideration.
Jacob said he attributes his early success to one key factor: mastering an industry niche.
“There aren’t many other bankers that have spent their entire career, starting as an analyst, in the upstream investment banking space,” he said. “Having such a distinct focus provided me with an understanding of the sector that helped accelerate my career path.”
TPG Capital agreed to buy into the water management business with the acquisition of a majority stake in Goodnight Midstream from Tailwater Capital.
Analysts believe the expanded midstream joint venture could help Matador Resources minimize outspend as the company looks into selling assets outside its core position in the Permian Basin.
Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.