PIPR - Piper Sandler To Acquire The Valence Group For Chemicals Focus
Quick Take
Piper Sandler Companies (PIPR) has announced the proposed acquisition of The Valence Group for an undisclosed amount.
Valence has developed an investment banking and M&A advisory business for the chemicals industry.
With the deal, PIPR appears to be pursuing a sector vertical approach to adding capabilities and coverage.
My DCF assumptions indicate the stock may be attractively valued at its current level, so I’m cautiously BULLISH.
Target Company
New York, NY-based Valence was founded to develop a specialist investment bank and M&A advisory services company focused on the chemicals, materials and