Aaron Terry specializes in cash flow forecasting, liquidity management, upstream and midstream valuations and financial modeling. He has 20 years of experience in investing, consulting and advisory services, of which 14 years has been dedicated to the energy industry. Mr. Terry has represented public and private energy companies and lenders within the midstream, exploration and production (“E&P”), and energy services industry segments.
Mr. Terry has deep energy experience, including substantial buy-side and advisory experience valuing energy companies. He has also advised over $6 billion of energy clients across a variety of restructuring situations. Since joining FTI in 2020, he has advised clients across a number of energy cases, including Ruby Pipeline, Caliber Midstream, BJ Services, Meritage Midstream, Oasis, Rockdale Marcellus, Tilden Marcellus, Great Salt Plains Midstream, TD Williamson, and Wellbore Integrity. Mr. Terry served as the energy industry valuation expert on Ruby Pipeline, Sanchez Energy litigation and TPC Global.
Mr. Terry previously spent close to a decade working in senior research roles within the marketable securities team at Kayne Anderson (one of the largest dedicated investors in the energy sector) where he gained extensive experience across the energy industry. In this capacity, he actively covered more than $1 billion of upstream and midstream equities helping to manage a broader portfolio of approximately $20 billion in peak energy investments. Mr. Terry led the upstream diligence of several large PIPE investments, highlighted by over $500 million of investments in Western Gas and Rice Midstream. From 2017 to 2018, he led the diligence efforts for the $3.5 billion acquisition of Altus Midstream, a large midstream asset in the Permian Basin, through Kayne’s SPAC (Kayne Anderson Acquisition Company or “KAAC”). In his role as M&A diligence lead, KAAC evaluated over $5 billion of acquisition opportunities.
Prior to his time with Kayne Anderson, Mr. Terry worked as a restructuring advisor for Alvarez & Marsal where he represented public and private energy companies and lenders within the exploration and production and energy services industry segments. In his time with Alvarez, he advised 2nd Lien Holders on the Crusader Energy sale to Jones Energy. Mr. Terry also worked in a debtor side advisory capacity helping to arrange Debtor-in-Possession (“DIP”) financing for the Chapter 11 filing of small cap Fayetteville E&P. He also led daily activities for a debtor side role for a mid-market tubular energy services company, helping to develop cash flow forecasts and manage day-to-day lender communications.
Additionally, Mr. Terry worked as an investment banker for three years, including two years with Bear Stearns & Co. and later within the Global Energy Group of UBS. He began his career as a business consultant with Arthur Andersen and Ernst & Young where he spent five years in the business process and performance improvement advisory business, specializing on performance improvement and risk management initiatives.