Opportune LLP Acquires Consulting & Advocacy Practice of Pickering Energy Partners, Strengthening Its Position in Energy, Sustainability, and Capital Markets Advisory
Opportune LLP, a Houston-based global business advisory firm known for its deep expertise across the energy value chain, has announced the acquisition of the Consulting & Advocacy Practice of Pickering Energy Partners LP (PEP). The strategic move is expected to significantly enhance Opportune’s capabilities in sustainability advisory, energy transition strategy, and investor-focused consulting. As part of the transaction, practice leader Dan Romito and his team will join Opportune, bringing with them extensive experience in helping energy companies navigate capital markets, sustainability challenges, and evolving investor expectations.
The acquisition reflects the ongoing transformation across global energy markets, where companies are facing mounting pressure to balance financial performance with sustainability goals, regulatory demands, and shifting investor sentiment. By integrating PEP’s Consulting & Advocacy team, Opportune aims to expand its services at a time when clients are increasingly seeking integrated solutions that combine financial, operational, and sustainability expertise.
A Strategic Move in a Changing Energy Landscape
The energy sector is undergoing a period of rapid change, driven by decarbonization targets, technological innovation, geopolitical developments, and investor demands for greater transparency. Companies across the oil, gas, power, and renewable sectors are being asked to demonstrate not only financial resilience but also credible sustainability strategies that can withstand scrutiny from regulators, shareholders, and the public.
Opportune’s acquisition of the PEP Consulting & Advocacy Practice is designed to position the firm at the center of this transformation. The PEP team has built a strong reputation for helping clients craft narratives that accurately reflect the economic realities of energy markets while also addressing environmental and sustainability expectations. Their work has spanned private companies, public issuers, and institutional investors, providing guidance on strategy, communications, and capital allocation.
By bringing this expertise into its organization, Opportune is seeking to offer clients a more comprehensive advisory platform—one that integrates operational performance, financial strategy, and sustainability considerations into a single, cohesive approach.
Leadership Transition and Continuity
As part of the acquisition, Dan Romito, Managing Director of Consulting & Advocacy at Pickering Energy Partners, will join Opportune along with his team. Romito is widely recognized for his work advising companies and investors on sustainability strategy, capital markets positioning, and energy transition issues. Under his leadership, the Consulting & Advocacy Practice developed a reputation for providing practical, investor-focused advice grounded in financial analysis rather than purely theoretical sustainability frameworks.
Romito emphasized the importance of timing and market conditions in his remarks about the transition. He noted that the energy sector is at a major inflection point, with energy, power, carbon management, and technology converging in ways not previously seen. This convergence is creating both opportunities and risks for companies, making it essential for boards and investors to have a clear, quantitative understanding of the potential returns, timelines, and value creation associated with different strategic paths.
According to Romito, the move to Opportune will allow his team to continue delivering value while benefiting from the firm’s broader capabilities and client base. He indicated that the integration will enable the team to provide even more comprehensive advice as clients confront increasingly complex decisions related to capital allocation, technology adoption, and sustainability commitments.
Recognition of PEP’s Consulting & Advocacy Practice
Dan Pickering, Founder and Chief Investment Officer of Pickering Energy Partners, expressed pride in the accomplishments of the Consulting & Advocacy Practice and confidence in its future at Opportune. He highlighted the role the practice played in helping clients navigate challenging market conditions, particularly during periods of volatility and uncertainty in the energy sector.
According to Pickering, the team consistently delivered high-quality results and tangible value to clients when they needed it most. He emphasized that the collaboration between PEP and Opportune is expected to continue, suggesting that the firms may work together on future opportunities even after the practice’s transition.
Pickering’s remarks underscored the significance of the practice within PEP’s broader platform. While PEP remains focused on its core strengths as an energy advisor, investor, and strategic partner, the decision to transfer the Consulting & Advocacy team to Opportune reflects a strategic alignment with the evolving needs of the market and the strengths of each organization.
Enhancing Opportune’s Sustainability and Energy Transition Capabilities
For Opportune, the acquisition represents a major step in expanding its sustainability and energy transition advisory services. The firm has long been recognized for its work in accounting, tax, technology, and operational consulting for energy companies. By adding the PEP Consulting & Advocacy team, Opportune is enhancing its ability to advise clients on issues that sit at the intersection of finance, sustainability, and investor relations.
Clients today are facing a range of complex questions: How should capital be allocated between traditional and low-carbon investments? What is the expected return profile of emerging technologies? How will regulatory changes affect project economics? And how should companies communicate their strategies to investors who may have differing expectations about sustainability and financial performance?
The integration of the PEP team is expected to help Opportune address these questions more effectively. The firm will be able to combine its operational and financial expertise with the PEP team’s experience in investor messaging and sustainability strategy. This holistic approach is increasingly important as companies seek to align their internal operations with external communications and market expectations.
The Role of Investor-Focused Sustainability Strategies
One of the defining characteristics of the PEP Consulting & Advocacy Practice has been its focus on pragmatic, value-driven sustainability strategies. Rather than promoting sustainability as an end in itself, the practice has emphasized approaches that deliver measurable financial returns while also addressing environmental and social considerations.
This perspective resonates with many energy companies, particularly those operating in capital-intensive industries where investor confidence and access to financing are critical. By focusing on strategies that are both economically viable and environmentally responsible, the practice has helped clients navigate a complex landscape of competing priorities.
At Opportune, this philosophy is expected to remain central to the team’s work. The firm’s leadership has indicated that the goal is not to impose one-size-fits-all sustainability solutions, but rather to develop tailored strategies that reflect each client’s unique assets, markets, and financial objectives.
Financial Advisory and Transaction Support
The transaction between Opportune and PEP was advised by Solomon Partners, which acted as financial advisor to Pickering Energy Partners. The involvement of a financial advisor underscores the strategic and financial considerations behind the deal, as both firms sought to structure an arrangement that would maximize value and align with their long-term objectives.
While specific financial terms of the acquisition were not disclosed, the move is widely viewed as a strategic alignment rather than a purely financial transaction. By transferring the Consulting & Advocacy Practice to Opportune, PEP is allowing the team to operate within a larger platform that is better positioned to support its growth and integration with other advisory services.
Market Context and Future Outlook
The timing of the acquisition reflects broader trends in the energy and advisory sectors. As companies confront decarbonization targets, energy security concerns, and evolving investor expectations, the demand for integrated advisory services is growing. Clients increasingly want advisors who can provide not only technical or financial guidance, but also strategic insights that connect operational decisions with capital market outcomes.
The convergence of energy, power, carbon management, and technology is creating new business models and investment opportunities. At the same time, it is introducing new risks, including regulatory uncertainty, technological disruption, and shifting demand patterns. Advisors who can help clients navigate these complexities are likely to be in high demand.
Opportune’s acquisition of the PEP Consulting & Advocacy Practice positions the firm to capture these opportunities. By combining its existing capabilities with the PEP team’s expertise, the firm aims to provide a more comprehensive suite of services that address the full spectrum of client needs.
About Pickering Energy Partners
Pickering Energy Partners is an energy-focused financial services platform headquartered in Houston, Texas. The firm provides advisory, investment, and strategic services across the entire energy landscape, including traditional oil and gas, power, and emerging energy technologies. PEP is known for its deep industry knowledge and its role as a trusted advisor and partner to clients navigating complex market conditions.
Despite the transition of its Consulting & Advocacy Practice to Opportune, PEP continues to operate as a core energy advisory and investment platform. The firm remains focused on its strengths in capital markets, strategic advisory, and investment management within the energy sector.
Conclusion
The acquisition of the Consulting & Advocacy Practice from Pickering Energy Partners marks a significant step in Opportune’s evolution as a global energy and sustainability advisory firm. By bringing Dan Romito and his team into the organization, Opportune is expanding its capabilities at a time when clients are seeking integrated solutions that address financial performance, sustainability goals, and investor expectations.
The transaction reflects broader changes in the energy sector, where companies must balance economic realities with environmental responsibilities and shifting capital market dynamics. As the industry continues to evolve, advisory firms that can bridge these domains are likely to play an increasingly important role.
With the addition of the PEP team, Opportune is positioning itself to help clients navigate this complex landscape, providing the strategic, financial, and sustainability insights needed to succeed in a rapidly changing energy world.
