Perella Weinberg And Tudor Pickering Holt To Combine

PPerella Weinberg Partners and Tudor, Pickering, Holt & Co. said Monday they are planning to combine to create a financial advisor with more than $12 billion in assets under management. No terms were disclosed. The deal is expected to close in the fourth quarter. Perella's founding investors will remain shareholders in the new entity and some will provide additional growth capital. The combined firm will have more than 650 employees and offices in New York, Houston, London, Denver, San Francisco, Dubai, Abu Dhabi and Calgary.