Energy First, Last and Always

The acquisition of FirstEnergy in September 2016 transformed our energy franchise by adding substantial scale to our capabilities. We added Canada’s leading independent investment dealer in the energy space to GMP’s already strong platform. GMP Securities’ existing energy business was combined with FirstEnergy and rebranded GMP FirstEnergy.

The creation of GMP FirstEnergy received strong support from the Calgary community and the firm continues to play an important role in the fabric and development of the Canadian energy culture. Energy has been the firm’s focus for nearly a quarter century. GMP FirstEnergy represents an ideal combination of deep energy sector expertise, transactional experience and agility of a focused energy specialist with the strengths of a well capitalized national independent investment bank.

Strategic Rational

  • Energy assets remain vitally important to the Canadian economy.
  • GMP FirstEnergy is a leading independent dealer in the energy space in Canada.
  • An ideal time to present the market with a stronger, well diversified player in the independent brokerage space.
  • Opportunity to join forces with an industry leader and an important part of the fabric of the Canadian energy culture.
  • Represents a vote of confidence in the recovery of the energy sector in Western Canada, particularly in the Calgary and Fort McMurray communities.
  • FirstEnergy gains access to a broader, more diversified industry platform with access to permanent and public capital.
  • GMP Securities is a recognized leader in mining, and this acquisition propels our leadership in the energy sector.
  • Our new partners are fully aligned as significant owners of the business.

  • (Photo Left to right): John Chambers, Vice Chairman, President, GMP FirstEnergy, Kevin Overstrom, Vice Chairman, Co-Head of Energy Investment Banking, Stacey McDonald, Managing Director, Institutional Research and Nicholas Johnson, Vice Chairman, Co-Head of Energy Investment Banking