Piper Jaffray and Sandler O’Neill Announce Merger; Combined Firm to be Named Piper Sandler Companies

MINNEAPOLIS & NEW YORK--(BUSINESS WIRE)--Piper Jaffray Companies (NYSE: PJC) and Sandler O’Neill + Partners, L.P. today 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. The combination accelerates Piper Jaffray’s goal of prioritizing and building its M&A advisory business, adds a differentiated fixed income business and significantly expands the breadth and depth of the firm’s equity research, and sales and trading franchise.