‘A Herculean Effort’

The oilfield services and equipment sector – much like the rest of the oil and gas industry – is a little worse for wear, with deals slim and bankruptcy rampant.

But PPHB – the acronym for Parks Paton Hoepfl & Brown – is managing to eke out deals despite the environment. The 15-member, Houston-based boutique investment bank was founded and is led by former oilfield service executives – who also did time in investment banking – so they have a good perspective on the industry.