Thomas J. McNulty, CQF, FRM, MBA, has 25 years of experience working across the entire Commodity and Energy Value Chain. Mr. McNulty draws on a rare combination of industry, banking, consulting, and government experience to provide his clients with transaction, commercial analytics, litigation, and valuation opinion services. He is a nationally recognized commodity and energy industry expert and is a frequent contributor on CNBC, Fox Business, and Bloomberg TV.
As an advisor, and in his corporate career, Mr. McNulty has delivered more than $52 billion in energy-related transactions, valuation, restructuring, and litigation projects. He has also advised on, or executed, $13 billion in M&A and principal investment deals, and executed or valued more than $14 billion notional in derivative instruments. As a merchant banker, Mr. McNulty helps management teams grow businesses through acquisitions. He provides introductions to private capital sources, including family offices, and advises clients on valuation, risk management, and transaction structuring issues.
Areas of Expertise:
- Commodity Hedge Funds - Fund of Funds, Principal Investment Funds, Credit / Distress Fund
- Oilfield Services & Equipment - Onshore and Offshore Rigs, Hydraulic Fracturing and Water Disposal, Marine / OSVs
- Energy Technology and Intellectual Property
- Distributed Energy Resources and Generation
- Energy Trading & Marketing, Risk Management, and Settlements
- LNG Projects
- Oil and Gas – Upstream and Midstream - Exploration & Production, Pipeline, Natural Gas Storage, Mineral/Oil/Gas Rights and Royalties, Rail/Truck/Barge Transport
- Power Generation, Transmission, & Distribution Regulated generation, Merchant plants Simple Cycle Gas Plants Combined Cycle Gas Plants, Cogeneration/CHP, Nuclear Fuels and Generation, Retail Power and Gas LDCs, and PPAs
- Downstream-Refined Products & Specialty Chemicals
- Renewable Energy Projects - Solar, Wind, Geothermal, Hydro
Litigation Support: Mr. McNulty's oil, natural gas, and power experience across several critical disciplines, he also provides expert consulting and testifying services in support of complex commercial litigation, particularly when commodities, energy, M&A, derivative instruments, financial analysis, investment returns, shareholder disputes, hedging, damage assessments, and valuations are critical components of the case.
Background Experience - Mr. McNulty studied military and diplomatic history at Yale, where he was a varsity football letterman. Following graduation, he went to work on Wall Street with Brown Brothers Harriman and Co. (“BBH”), the nation’s oldest private bank. He was a Federal funds and Eurodollar trader, and also worked in the bank’s international treasury department. During his time with BBH, Mr. McNulty was selected for training in the elite US Foreign Service, and was commissioned a Foreign Service Officer in November 1990. Volunteering for critical threat postings, he served tours of duty in Southeast Asia and in Russia. He was also a Staff Officer at headquarters in Washington DC, where he worked on energy security issues. He left the Foreign Service to pursue his MBA at Northwestern University, where he studied Analytical Finance and Accounting.
Following business school, Mr. McNulty moved to Houston and worked with three Fortune 100 energy companies: Enron International, Duke Energy, and Plains All American. At all three companies he worked on the M&A teams and in Corporate Treasury. These roles involved transaction due diligence, strategic planning, corporate finance, risk management, and market analysis responsibilities. His career has also included substantial cross-border work in Asia, Europe, and in Latin America. His corporate experience, in particular, enhances his ability to advise clients with complex transactions, litigation, valuation, and business strategy challenges. More specifically, Mr. McNulty is an expert in treasury operations, post-merger integration, and value harvesting.
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