SunTrust Robinson Humphrey buys energy M&A advisory firm

|About: SunTrust Banks, Inc. (STI)|By:, SA News Editor

SunTrust's (STI) investment banking arm boosts its energy business with the acquisition of Houston-based Lantana Oil & Gas Partners. Lantana provides a complete range of acquisition and divestiture advisory services in the exploration and production business, and has been involve with more than $2.5B of deals since 2003.

STRH CEO John Gregg: "The acquisition of Lantana complements our universal investment banking platform in this vital industry and will help accelerate our progress in the E&P sector. It also demonstrates our commitment to Texas and our intention to grow wholesale banking nationally."