New energy investment bank in town

A new name has entered Houston’s energy investment banking business, but the firm already has a good head start.
Madison Williams and Co. on Friday completed a management buyout of the principal capital markets business from Sanders Morris Harris Group, a Houston-based wealth management firm that has offered investment banking services to the energy sector for years.
Madison Williams, which will become a private “pure play” investment bank, is based in New York and has 80 employees in five cities. All of its energy banking team will remain in Houston.
In a press release today, Madison Williams said:
“The cornerstone of Madison Williams’ strategy is the energy sector, where the firm has rapidly established itself as a market leader, completing more than 30 transactions so far this year. The firm is ranked third in number of co-managed energy equity offerings in 2009, having completed 20 public equity and one public debt offering in the oil and gas sector year-to-date.”
Transactions this year include advising Resaca Exploration, Inc. with its recently announced merger with Cano Petroleum, Inc., advising ATP Oil & Gas Corporation on a $150 million infrastructure monetization with General Electric and representing U.S. Energy on its drilling venture with Brigham Exploration Company.