Whitehall

What Whitehall does

Whitehall & Company LLC is a privately held boutique investment bank founded in 2010, co-led by Managing Partners Jonathan Cody (Head of Investment Banking) and Timothy Page (Head of Capital Markets). The firm provides M&A advisory and capital placement services to corporate, sponsor, and developer clients across power generation, oil and gas, renewable energy, infrastructure, and real estate. Core products are delivered through two integrated service lines: Investment Banking (sell-side and buy-side M&A advisory) and Capital Markets (equity placement, debt placement, and tax equity placement), with the latter executed through its wholly-owned FINRA/SIPC member broker-dealer subsidiary, Whitehall Capital Markets LLC. A notable proprietary platform is the Whitehall Institutional Project Finance Program, established in 2014, which provides $3 billion in committed institutional capital for long-term project finance debt solutions.

The firm operates an enterprise direct-sales go-to-market model, leveraging senior-banker relationships with strategic buyers, sellers, and institutional investors including global banks, pension funds, sovereign wealth funds, family offices, private equity, and infrastructure funds. Whitehall has advised on and arranged cumulative transaction volume exceeding $125 billion, including marquee deals such as NTE Energy's $1.25 billion financings, Advanced Power's $899 million Carroll County financing, CPV's $1.3 billion Three Rivers financing, Indeck's $1.2 billion Niles financing, and the 2024 Gateway Fleets/Partners Group transaction. The firm employs 11-50 staff across New York and Miami Beach offices.

Revenue is generated through professional-services advisory fees and transaction-based placement commissions on individual mandates; pricing is not publicly disclosed and is negotiated on a deal-by-deal basis. The firm's competitive position rests on a senior-banker talent pool with bulge-bracket pedigree (WestLB, J.P. Morgan, Credit Suisse, Royal Bank of Scotland), 14 years of relationship capital, FINRA-registered distribution capability, and a sector focus in US energy and infrastructure. There is no disclosed AI/technology product, no public funding history, and no parent company.

Name

Whitehall

Legal name

Whitehall & Company LLC

Website

https://whitehallandcompany.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Whitehall & Company is a privately held boutique investment bank founded in 2010 that provides M&A advisory and capital placement services to corporate, sponsor, and developer clients across US power generation, oil and gas, renewable energy, and infrastructure, having advised on over $125 billion in cumulative transaction volume.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

M&A Advisory (Buy-side/Sell-side) (BPAHADAC), Private Equity Fundraising Placement (FSAEALAB)

Keywords

• Investment banking services
• Mergers and acquisitions advisory
• Capital markets placement
• Project finance advisory
• Energy infrastructure financing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Investment Banking Advisory: M&A advisory and strategic advisory services for mergers, acquisitions, and divestitures. Provides high-value advisory services for sell-side and buy-side transactions.
2. Capital Markets Placement: Equity placement, debt placement, and tax equity placement services. The firm raises capital for top-tier sponsors and developers through placement fees and advisory commissions.
3. Financial Advisory: Services include capital structuring, evaluation and optimization, project finance advisory, ratings advisory, and general corporate finance advisory.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Whitehall & Company is a boutique investment bank that provides M&A advisory and capital placement services, including equity placement, debt placement, and tax equity placement, to corporate clients, financial sponsors, and institutional investors. The firm specializes in the energy, power, infrastructure, and real estate sectors, having advised on over $125 billion in transaction volume since its founding. Services are delivered directly by senior professionals through the firm's wholly-owned broker-dealer subsidiary, Whitehall Capital Markets LLC (FINRA/SIPC member).

Product overview

Whitehall & Company is an investment bank offering a unified platform of financial advisory and capital markets services. The core offerings consist of Investment Banking (M&A advisory) and Capital Markets (capital raising), supported by specialized sub-products including Equity Placement, Debt Placement, Tax Equity Placement, and the Whitehall Institutional Project Finance Program. These services are delivered through the company's FINRA/SIPC registered broker-dealer subsidiary, Whitehall Capital Markets LLC, to clients across power generation, utilities, oil and gas, real estate, industrial, and transportation sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Banking
• Capital Markets
• Equity Placement
• Debt Placement
• Tax Equity Placement
• Whitehall Institutional Project Finance Program

Quantifiable outcome

• Over $125 billion in transaction volume advised
• +1 more outcomes

Named customers12 records

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Whitehall Capital Markets LLCcoreOthersWhitehall Capital Markets LLC is a wholly-owned subsidiary of Whitehall & Company LLC, member FINRA/SIPC. Securities are offered through Whitehall Capital Markets.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Marathon Capital: Marathon Capital is a boutique investment bank exclusively focused on the energy and infrastructure sectors, providing M&A and capital markets services (equity, debt, tax equity) to power, renewables, and utility clients. Nearly identical business model, client base, and sector focus to Whitehall, with comparable deal-size sweet spot in the $200M–$1.5B range.
• PJT Partners: PJT Partners operates a dedicated energy and power infrastructure advisory practice providing M&A, capital markets, and restructuring services. They compete with Whitehall on mid- to large-cap power and renewables mandates, though PJT has broader industry coverage and a larger balance sheet.
• Capstone Partners: Capstone Partners is a middle-market investment bank with a dedicated Energy & Power group providing M&A and capital raising to renewable energy and power generation clients. Directly comparable in scale and energy-infrastructure focus to Whitehall.
• Greenbriar Equity Group: Greenbriar is a specialized middle-market investment bank focused on industrial and infrastructure services, including energy. While they invest and advise, their sector overlap with Whitehall in energy infrastructure M&A is meaningful and direct.

Broad incumbents

• Evercore: Evercore is a leading independent investment bank with dedicated energy and infrastructure advisory practices that compete for the same sponsor and developer clients as Whitehall. Larger franchise and broader coverage but overlapping on power, renewables, and infrastructure M&A mandates.
• Lazard: Lazard is a global financial advisory and asset management firm with a significant energy and infrastructure practice. Competes with Whitehall on mid- and large-cap energy M&A while offering broader capabilities (restructuring, sovereign advisory).
• Rothschild & Co: Rothschild is a global advisory firm with longstanding energy and infrastructure deal flow, including M&A and project finance advisory. Overlaps with Whitehall on cross-border energy M&A and capital placement mandates from major sponsors and utilities.
• Perella Weinberg Partners: Perella Weinberg operates a strong energy and infrastructure advisory practice, frequently competing for power and renewables M&A mandates. Larger scale and broader coverage than Whitehall, but overlapping client base of financial sponsors and strategic acquirers.
• Guggenheim Securities: Guggenheim Securities is the investment banking arm of Guggenheim Partners with deep energy, power, and infrastructure coverage. They have transacted with Whitehall on shared mandates (e.g., with Capital Dynamics and NTE Energy) and compete on large power project financings.
• Houlihan Lokey: Houlihan Lokey is a global investment bank with a dedicated energy and infrastructure group serving sponsors and developers. They overlap with Whitehall on middle-market M&A and capital raising for power and infrastructure assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/whitehall-and-company
• Facebookfacebook.com/WhitehallandCompany

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Whitehall