Jefferies Group Inc., New York, (NYSE: JEF) has acquired M&A advisement firm Randall & Dewey, which has offices in Houston, London and Calgary. The combined firm's oil and gas business will operate as the Randall & Dewey division of Jefferies & Co. Inc., the principal operating subsidiary of Jefferies Group. This division will continue to be led by Claire S. Farley, Randall & Dewey chief executive officer, and Ralph Eads III, president, as well as co-founders Jack P. Randall and Kenneth W. Dewey. While terms of the acquisition were not disclosed, the transaction is similar in structure and size to Jefferies' December 2003 acquisition of Broadview International LLC and its December 2003 acquisition of Quarterdeck Investment Partners. The transaction was completed with a combination of stock and cash. "The combination of Jefferies and Randall & Dewey is a strategic and complementary expansion of our strong presence in the energy sector," says Richard B. Handler, chairman and CEO of Jefferies. "Randall & Dewey's excellent relationships and recognized technical expertise will significantly enhance Jefferies' capabilities." Dewey commented that the transaction would add industry-leading financing capabilities to Randall & Dewey's business. -A&D Watch