Greenhill, Evercore Open Houston Offices
Boutiques look to tap energy and power industry
June 3, 2009
Greenhill & Co. and Evercore Partners announced within days of each other that they hired former Bank of America Merrill Lynch bankers to open and oversee new offices in Houston. The boutiques are setting up shop there to serve clients from the energy and power sector.
Greenhill, which has been rapidly expanding, announced today that it retained Christopher Mize and Aaron Hoover as managing directors to found a Houston branch specializing in assisting energy companies. At the combined Bank of America Merrill Lynch, Mize was co-head of the Americas energy and power practice. He had spent 22 years at Merrill Lynch, where he was co-head of the energy and power group prior to the firm's merger with BofA. Hoover worked with Mize in Merrill's energy group in Houston and became a managing director in 2005.
A source familiar with the situation, who requested anonymity, said Mize left BofA Merrill in February, while Hoover resigned yesterday.
Meanwhile, Evercore, which has also been growing and recently replaced its president and chief executive, announced last Thursday that it hired Robert Pacha as a senior managing director to establish its Houston office and lead its midstream energy practice.
At BofA Merrill, Pacha was in charge of the midstream energy and MLP practice. At Merrill Lynch, he advised on deals such as Targa Resources Inc.'s acquisition of Dynegy Midstream L.P. and Loews Corp.'s purchase of Dominion Resources' Permian Basin natural gas production assets.
According to the unnamed source, Pacha left BofA Merrill in April. A second source, who also requested anonymity, said Pacha will start at Evercore around June 11.
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