- Managing Director
- Corporate Finance & Restructuring
- T: 1 713 353 5407
- B.B.A., Accounting and Information Systems, University of Oklahoma
- M.B.A., Finance, University of Texas
- Energy, Power & Products
Aaron Terry specializes in cash flow forecasting, liquidity management, upstream and midstream valuations and financial modeling. Mr. Terry has experience in investing, and consulting services, including advising clients on DIP sizing, bankruptcy preparation and various acquisition opportunities. More than half of Mr. Terry’s 20 year career has been dedicated to the energy industry, representing public and private energy companies and lenders within the exploration and production and energy services industry segments.
Mr. Terry has spent the last ten years working in senior research roles within Kayne Anderson’s marketable securities team, focusing on the energy industry. In this capacity, Mr. Terry 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's research experience covered an extensive portion of the North American energy complex, spanning upstream and midstream companies across all major U.S. basins and Western Canada. He led the upstream diligence of several significant PIPE investments, highlighted by over $500 million of investments in Western Gas and Rice Midstream.
For two years, Mr. Terry led the upstream diligence efforts for the $3.5 billion acquisition of a large gathering & processing (G&P) asset in the Permian Basin through Kayne’s special purpose acquisition company (“Kayne Anderson Acquisition Company” or “KAAC”). As the M&A diligence lead for KAAC, he evaluated and formally bid on over $5 billion in acquisition opportunities, including various offers for midstream G&P targets in the Permian and Anadarko Basins. In this role, Mr. Terry worked closely with Kayne’s private equity team to review the geology and development plans of various public E&P operators presenting to a broad list of industry-leading financing partners.
Before 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. At Alvarez, he advised 2nd lien holders on the Crusader Energy sale to Jones Energy, assisting in the drafting and negotiating of the disclosure statement, key employee retention plans, management incentive plans, plan settlements and plan of reorganization.
This work ultimately led to the $289 million sale of assets to Jones Energy in a 363-auction process. Mr. Terry also worked in a debtor side advisory capacity helping to arrange DIP financing for the Chapter 11 filing of small-cap Fayetteville E&P. Mr. Terry 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 in performance improvement and risk management initiatives.