Piper Sandler to acquire G Squared Capital Partners
The U.S. Bancorp Center in Minneapolis, home to Piper Sandler's corporate headquarters. Pavel Tochinsky / Photodisc via Getty Images
Minneapolis-headquartered Piper Sandler views the GovCon landscape as a path for expanding its technology investment banking practice.
Piper Sandler, a global investment bank and financial services company, is making a foray into the GovCon landscape by acquiring the boutique investment bank G Squared Capital Partners.
Founded in 2020 by Greg Nossaman and Greg Woodford, G Squared has helped complete 50 transactions since then including eight so far this year. They and fellow G Squared Managing Director Matt Brom will join Piper Sandler, which is adding 10 professionals in total with the acquisition.
Minneapolis-headquartered Piper Sandler is seeking to further expand its technology investment banking practice and sees more dedicated coverage of the government market as part of that equation, the 130-year-old bank said Friday.
“Through expanded product capabilities with debt capital markets, equity capital markets, private capital advisory and restructuring, and deeper relationships across the market, our combination offers new ways to help our clients grow and win,” Woodford said in a release.
"We’re not changing what we do. We’re just doing it with more reach, deeper capabilities, and a stronger platform to deliver impact," Nossaman wrote in a LinkedIn announcement.
All parties involved expect to close the transaction during the third quarter. Financial terms were not disclosed.
Piper Sandler was advised by Faegre Drinker Biddle & Reath and G Squared Capital Partners was advised by Holland & Knight.
Nossaman and Woodford appeared on our WT 360 podcast in April to discuss private equity’s past, present and future in GovCon.