Houlihan Lokey (NYSE: HLI) signed a definitive agreement to acquire energy advisory firm Intrepid Financial Partners on June 27, 2026. The transaction is expected to close before September 30, 2026. Financial terms of the deal were not disclosed. Intrepid’s investment management arm is excluded from the transaction and will remain a separate entity.
The acquisition adds 34 financial professionals to Houlihan Lokey’s roster. This move expands the firm’s global Oil & Gas Group to more than 70 members. Intrepid CEO Hugh E. “Skip” McGee III will join the firm as Global Chairman of Oil & Gas.
Intrepid has advised on more than 120 transactions since its founding in 2015. The firm has managed a total deal volume exceeding $215 billion.