Energy acquisition and divestiture (A&D) firm Lantana Oil & Gas Partners has been bought by SunTrust Robinson Humphrey (STRH), the corporate and investment banking arm of SunTrust Banks Inc. (NYSE: STI).

Lantana, founded in 2003, has advised on the sale of more than $2.5 billion of oil and gas properties in Texas, Oklahoma, Louisiana, North Dakota and more than 10 other states. The Houston company will be renamed Lantana Energy Advisors. Transaction terms were not disclosed.

No personnel changes or job cuts are expected. John Gregg, chairman, president and CEO of STRH, said Lantana’s new parent plans to invest in the sector and grow its client base in Houston and Texas.

STRH has a sizeable presence in Houston that includes equity research, underwriting, engineering, portfolio management and treasury management. Lantana adds A&D to the company’s strengths.

Lantana will have access to the full resources of SunTrust Robinson Humphrey’s corporate and investment banking products and services. About 40% of STRH’s energy practice staff is located in Houston.

“Energy is a major area of focus and an important source of growth for STRH,” Gregg said. “The acquisition of Lantana complements our universal investment banking platform in this vital industry and will help accelerate our progress in the E&P sector.”

Lantana was founded by David Nini and Andy Taurins, who built a premiere A&D advisory firm over the past 11 years.

“The opportunity for Lantana to expand our market presence with a fully-integrated investment bank is extremely compelling,” Nini said.

SunTrust Robinson Humphrey offers a formidable combination of energy expertise, capital markets and mergers and acquisitions (M&A) capabilities, Taurins said.

Atlanta-based SunTrust Banks is one of the nation’s largest banks, serving consumer, commercial, corporate and institutional clients. STRH has a significant presence in the energy industry, particularly in the E&P sector. As of Dec. 31, 2013, SunTrust’s assets were $175.3 billion.

The Lantana acquisition is in line with other banks that have targeted firms to enter the auction or seller-advisor side of the upstream E&P sector.

In 2008, Richardson Barr was purchased by RBC Capital Markets, a corporate and investment banking arm of Royal Bank of Canada. The A&D firm is today known as RBC Richardson Barr. Similarly, in November 2012, Leucadia National Corp. (NYSE: LUK) announced it was buying Jefferies Group LLC. Jefferies offers investment banking, sales, trading, research and other services.