PJC - Piper Jaffray To Acquire Sandler O'Neill + Partners In Financial Consolidation
Quick Take
Piper Jaffray (PJC) announced it has agreed to acquire Sandler O’Neill + Partners for $485 million.
Sandler operates as an investment banking company and broker-dealer focused on the financial services sector.
PJC is acquiring Sandler to increase the breadth and depth of its offerings to improve its value proposition to clients, especially in the financial services sector where Sandler is focused.
Target Company
New York-based Sandler O’Neill was founded in 1988 to provide financial institutions, such as banks and thrifts, with an alternative to large Wall Street banking firms, including M&A