Piper Jaffray agrees to acquire Weeden & Co., L.P.

Combination builds a market-leading equities business

On February 25, 2019, Piper Jaffray Companies announced that it reached a definitive agreement to acquire Weeden & Co., L.P., one of the industry’s most highly ranked institutional equities trading firms.  

"Today's announcement represents an exciting and important step forward. As our investing clients unbundle how they access and evaluate research and best execution we continue to strengthen our equities offerings. Weeden brings an immediate leadership position in equity trading that makes Piper Jaffray's platform far more robust and relevant, while adding resilience across market cycles.”

Deb Schoneman, President of Piper Jaffray

"This transformative combination of two market-leading equity franchises broadens distribution for capital markets and investment advice, while deepening our liquidity pool. Piper Jaffray is an ideal partner to expand our offerings with its highly regarded research and capital markets platform.”

Lance Lonergan, CEO of Weeden & Co.

About Piper Jaffray

Piper Jaffray Companies (NYSE: PJC) is a full-service investment bank focused on equity sales & trading, research, investment banking, asset management, fixed income services and public finance. The company serves institutional investors, public entities, corporations and private equity firms in the U.S. and internationally.