PIPER JAFFRAY AND SANDLER O’NEILL ANNOUNCE MERGER

 

Merger adds the leading financial services investment banking firm to the growing
Piper Jaffray organization


On July 9, 2019, Piper Jaffray Companies and Sandler O’Neill + Partners announced they have entered into a definitive merger agreement. The combined company will be named Piper Sandler Companies and will bring together the leading investment banking firm focused on the financial services industry with the growing Piper Jaffray investment banking platform.

For more information, read the press release.

MANAGEMENT CALL INFORMATION

Tuesday, July 9, 2019 at 9 a.m. ET (8 a.m. CT)

"Transactions in investment banking are always about the people and culture. We have a long history with Sandler O’Neill. We admire the quality of their professionals, the business they have built and the culture of the firm which is based on many values we share," said Chad Abraham, chief executive officer of Piper Jaffray. "Piper Jaffray is very focused on competing in market sectors where we can be a market leader and leverage our specific expertise. With Sandler O’Neill, we start with the market leader and could not be positioned better to compete in the financial services sector over time. This transaction strengthens, diversifies and accelerates the growth of the Piper Jaffray investment banking, capital markets and institutional distribution businesses."

Chad Abraham, Chief Executive Officer of Piper Jaffray Companies

"We are excited to combine with Piper Jaffray and build on the strength of both of our businesses," said Jimmy Dunne. "We truly believe this is the best fit and best opportunity for Sandler O’Neill and our clients. I’m extremely proud of what we have built over the past 30 years and thrilled to have found a partner that shares our passion for the business. I’m committed to the future of the firm and looking forward to all we can accomplish together for our clients."

Jimmy Dunne, Senior Managing Principal of Sandler O’Neill + Partners

"I’m excited to be leading the expanded financial services practice at Piper Sandler and joining the board of directors,” said Jon Doyle. "We believe, in partnership, we will leverage our talent and expertise to enhance our combined capabilities. With Piper Jaffray’s scale and our shared vision, we look forward to growing our business for the future."

Jon Doyle, Senior Managing Principal of Sandler O’Neill + Partners

ABOUT SANDLER O’NEILL + PARTNERS

Sandler O’Neill is a full-service investment banking firm dedicated to providing comprehensive, innovative advisory and transaction execution services to the financial industry. The firm specializes in strategic business planning, mergers and acquisitions, capital markets, mutual to stock conversions, investment portfolio and interest rate risk management, fixed income securities transactions, and mortgage finance restructurings.

Sandler O’Neill also is a market maker in hundreds of financial stocks and publishes equity research focused on selected banks and thrifts, insurance companies, investment banks, asset managers, specialty finance companies, e-finance companies, real estate investment trusts, and financial technology companies.

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