Raymond James expanded its energy investment banking practice on July 8 with the hiring of veteran energy bankers Will Hodge and Jacob Call.
Hodge, who joins the firm from Barclays, will serve as managing director and co-head of E&P energy banking. Meanwhile, Call, who was previously with Riverstone Holdings, joins Raymond James’ energy investment banking practice as a vice president.
According to the firm’s release, Hodge has advised on over $90 billion of oil and gas industry transactions across a range of products including corporate mergers, acquisitions, divestitures, IPOs, inaugural bond issuances, private placements, acquisition financings and restructurings.
In a statement commenting on Hodge’s appointment, head of Raymond James’ energy investment banking practice Marshall Adkins said: “Will is a highly regarded professional in E&P energy banking with a strong reputation for helping clients achieve exceptional outcomes on their most important strategic initiatives and transactions.”
“The expansion of our E&P energy investment banking team marks a significant milestone for the energy practice, as we grow coverage in this sector to better serve clients as their businesses evolve in response to changing market conditions and prepare for a recovery growth cycle,” Adkins continued in the statement.
At Barclays, Hodge was a managing director focused on E&P client coverage. He also worked on a variety of midstream and oilfield service transactions during his tenure. Prior to Barclays, he served for eight years as a Navy SEAL officer with combat deployments to Afghanistan and Iraq.
Call joins Raymond James from the private equity firm Riverstone Holdings where he was a member of the deal execution team. Prior to joining Riverstone, he was at Citigroup Capital Markets in the energy investment banking group and the mergers & acquisitions team. Call is also a former Navy SEAL with combat experience in Iraq and Afghanistan, and a former BUD/S instructor.
The Raymond James Energy Investment Banking team provides M&A advisory, capital raising and restructuring services across the E&P, midstream and oilfield service verticals. Since 1994, the team has completed over 890 energy transactions for public companies, private companies, and leading private equity funds and their portfolio companies on a global basis, according to the firm’s release.
Recommended Reading
US EPA Removes Existing Gas Plants From Proposed Carbon Rule
2024-02-29 - The U.S. Environmental Protection Agency will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April.
US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
2024-04-22 - The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.
The Jones Act: An Old Law on a Voyage to Nowhere
2024-04-12 - Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.
Kinder Morgan Exec: Building Pipelines ‘Challenging, but Manageable’
2024-04-05 - Allen Fore, vice president of public affairs for Kinder Morgan, said building anything, from a new road to an ice cream shop, can be tough but dealing with stakeholders up front can move projects along.
FERC Again Approves TC Energy Pipeline Expansion in Northwest US
2024-04-19 - The Federal Energy Regulatory Commission shot down opposition by environmental groups and states to stay TC Energy’s $75 million project.