Houlihan Lokey shares rose 3.2% after the investment bank announced an agreement to acquire Intrepid Financial Partners, an independent investment bank focused on the energy sector. The deal will add 34 financial professionals, bringing Houlihan Lokey's global energy team to more than 70 specialists. Intrepid's founder, Hugh "Skip" McGee III, will become managing director and global chairman of Houlihan Lokey's Oil & Gas Group. The acquisition is expected to close before September 30, 2026. Shares later settled at $138.30, up 3.1% from the previous close.
Houlihan Lokey IncHoulihan Lokey announced acquisition of Intrepid Financial Partners, expanding energy advisory.