“Jon brings significant oil and gas industry experience to our firm and is a welcome addition to our growing energy services team,” said Mike Marchlik, CEO, Great American Group Advisory & Valuation Services. “Our firm has built a stellar reputation in serving all business segments of the energy sector for over 40 years, from oilfield services to upstream to midstream to downstream. We look forward to Jon’s contributions as we continue to broaden the complementary services we provide to our clients across the commodity and energy value chain.”

Tom McNulty, Houston-based managing director with Great American Group, told Rigzone the weekend attack is “certainly a big deal” but pointed out it is unclear how long it will curtail Saudi production.

Recent sales trends for most major industry players have been positive, with low single-digit increases over the past several quarters. However, stiff competition has forced many to raise volumes through promotions and aggressive pricing.