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MINNEAPOLIS--(BUSINESS WIRE)--Feb. 29, 2016-- Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, announced today it has completed its purchase of Simmons & Company International (“Simmons”), a premier international investment bank specializing in the energy industry. With offices in Houston, Aberdeen, and London, the group offers M&A advisory, capital markets and equity research. The division will operate as Simmons & Company International | Energy Specialists of Piper Jaffray.

“Our partnership with Simmons represents a significant step forward in expanding the firm’s sector coverage,” said Andrew Duff, chairman and CEO of Piper Jaffray. “The Simmons team is comprised of highly regarded leaders in the energy industry, and we look forward to combining forces to better serve our clients.”

Former chairman, president and CEO of Simmons, Michael Frazier has joined the Piper Jaffray board of directors. He has been with Simmons & Company International for over 20 years. In 2002 and 2005, he was appointed president and CEO respectively and in 2009 appointed chairman.

© 2016 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000, Minneapolis, Minnesota 55402-7036

Simmons & Company International® | Energy Specialists of Piper Jaffray® is a brand name used by certain broker/dealer affiliates of Piper Jaffray Companies.

About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) is a leading investment bank and asset management firm. Securities brokerage and investment banking services are offered in the U.S. through Piper Jaffray & Co., member SIPC and FINRA; in Europe through two separate U.K.-based broker/dealers―Piper Jaffray Ltd., authorized and regulated by the Financial Conduct Authority and Simmons & Company International Limited, authorized and regulated by the Financial Conduct Authority and the Dubai Financial Services Authority as a representative office; and in Hong Kong through Piper Jaffray Hong Kong Limited, registered with the Securities and Futures Commission. Asset management products and services are offered through four separate investment advisory affiliates―three registered with the U.S. Securities and Exchange Commission (Advisory Research, Inc., Piper Jaffray Investment Management LLC, and PJC Capital Partners LLC) and one international asset management firm registered with the Guernsey Financial Services Commission (Parallel General Partner Limited).

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Source: Piper Jaffray Companies

Piper Jaffray Companies
Investor Relations
Tom Smith, 612-303-6336
thomas.g.smith@pjc.com
or
Media Relations
Pamela Steensland, 612-303-8185
pamela.k.steensland@pjc.com