Pickering Energy Partners Launches Energy Transition Practice Led by Jason Martinez

Pickering Energy Partners officially launched its energy transition advisory practice led by investment banker Jason Martinez on Feb. 8.

“This announcement has been highly anticipated, and we look forward to continuing to expand our business offerings and expertise to provide more comprehensive counsel for clients growing in the energy space,” Walker Moody, president of Pickering Energy Partners, commented in a release by the firm.

Pickering Energy Partners is an energy focused financial services platform headquartered in Houston. The firm has deployed over $15 billion across all energy sub-sectors, according to the release.

The focus of its newly established energy transition advisory practice will be to connect energy transition companies with private capital and future monetization, operating as an investment bank with a vast network of opportunities.

“With its deep investor relationships across the energy complex, PEP is uniquely positioned to help energy transition-focused companies navigate this new phase of energy by helping with early and late-stage capital raises, from early stage through series C and D, as well as private and public market exits,” commented Dan Pickering, who serves as chief investment officer.

Pickering Energy Partners began expanding into energy transition and ESG consulting with mergers within the past year with SailingStone Capital Partners and, more recently, Heikkinen Energy Advisors.

With the launch of its energy transition advisory practice, Pickering Energy Partners hopes to build upon the momentum of its other offerings including the growing market intelligence business (Insights), consulting and principal investing practices. The group will also closely complement its ESG focus areas, creating more comprehensive, well-rounded business offerings, according to Martinez.

“The energy transition is more of a competitive consideration: how are you going to compete for capital in a decarbonizing world?” Martinez explained. “ESG is the strategic consideration that impacts the capital you will have access to, the partners who will work with you, and the companies that can acquire you.”

Martinez joined Pickering Energy Partners in December from Tupper Lake Partners, a venture capital firm focusing on early-stage energy and ESG-enabling technologies where he had served as a managing partner. Prior to that, Martinez, who has more than 25 years of experience in the energy industry, had led the energy advisory practice at Bank of Montreal Capital Markets and ran the Houston office of Nomura Securities’ Energy Group.

Pickering Energy Partners hopes to tap into Martinez’s background as an investment banker, to bring a unique perspective and expertise in transforming companies across the energy value chain. According to the release, his client and deal work spans more than a dozen countries and more than $100 billion of announced transactions, including mergers, acquisitions, divestitures, all forms of public and private capital raising, and commercial lending.

“With its track record, relationships and intellectual capital across the energy delivery value chain, Pickering Energy Partners is a game-changing firm at the center of transforming the future of energy, and I am excited to lead its energy transition advisory practice,” Martinez added.