Houston, Texas is home to a vibrant financial services industry, with many major investment banks having a presence in the city. As the fourth largest city in the U.S. and a major hub for the energy industry, Houston offers investment banks proximity to key clients and opportunities. This article provides an overview of some of the top investment banks in Houston, TX, covering their areas of expertise and key deals.
JPMorgan Chase has a strong corporate and investment banking presence in Houston
JPMorgan Chase is one of the largest investment banks in the world, offering services in areas like mergers and acquisitions, debt and equity underwriting, and advisory work. The bank has had an office in Houston since 1969, providing coverage for the energy, natural resources, and infrastructure sectors. Some major recent deals JPMorgan has advised on in Houston include Occidental Petroleum’s $57 billion acquisition of Anadarko Petroleum, Plains All American Pipeline’s $5.4 billion acquisition of Plains GP Holdings, and advising Calpine Corporation on its $5.6 billion acquisition by Energy Capital Partners.
Goldman Sachs is active in Houston’s energy and industrial sectors
Goldman Sachs has had an office in Houston since the 1980s and has extensive experience advising energy clients. The investment bank covers all aspects of energy investment banking, including mergers and acquisitions, equity and debt financings, restructurings, and more. Goldman has advised on over $600 billion in announced transactions in Texas over the past decade. Major recent energy deals include advising ConocoPhillips on the $9.5 billion sale of its Permian Basin assets to Shell and Occidental Petroleum on its acquisition of Anadarko. Beyond energy, Goldman Sachs in Houston serves industrial clients.
Morgan Stanley provides full investment banking services from its Houston office
Morgan Stanley has had a presence in Houston since the 1970s. The investment bank’s Houston office provides a full suite of investment banking services spanning mergers and acquisitions, debt and equity underwriting, and other advisory work. The office has extensive energy sector experience, including advising on IPOs, spin-offs, divestitures, and restructurings. Morgan Stanley has been involved in over $135 billion in energy M&A deals in the Permian Basin alone over the past 5 years. Major clients include oil & gas companies like EOG Resources, Devon Energy, and Chesapeake Energy.
Citi maintains a strong energy investment banking practice in Houston
Citi is one of the largest banks in Houston and its investment banking division serves energy sector clients with services like M&A, equity and debt underwriting, hedging, and more. The bank has been involved in Houston-linked IPOs for energy companies like Plains All American Pipeline, Enterprise Products Partners, and Sunoco Logistics Partners. Citi also advised Occidental Petroleum on financing for its Anadarko acquisition and Royal Dutch Shell on its Permian asset sales. Beyond energy, Citi’s investment bank covers industrials, power/utilities, and transportation.
Houston is home to major investment banks like JPMorgan, Goldman Sachs, Morgan Stanley and Citi that provide financial services spanning M&A, underwriting, and advisory work, especially for the city’s core energy industry clients. The investment banks have a long history in Houston and continue to be involved in large strategic transactions.