Houlihan Lokey has agreed to acquire Intrepid Financial Partners, an independent investment bank specializing in energy-sector advisory services.

Intrepid Investment Management is not included in the transaction and will continue operating independently. The acquisition strengthens Houlihan Lokey’s energy franchise by significantly expanding its sector expertise and advisory capabilities across oil, gas and energy transition markets.

Founded in 2015 by Hugh E. “Skip” McGee III and Christopher F. Winchenbaugh, Intrepid Financial Partners provides mergers and acquisitions, fairness opinion, capital raising, and restructuring advisory services across the energy industry, including exploration and production, midstream, downstream, energy services and energy transition. Following the acquisition, McGee will join Houlihan Lokey as managing director and global chairman of oil & gas, while Winchenbaugh will become managing director and global co-head of oil & gas alongside J.P. Hanson. The transaction will add 34 financial professionals to Houlihan Lokey’s global Oil & Gas Group, increasing the team to more than 70 professionals worldwide.