logo
logo

Piper Sandler Completes Acquisition Of Best-In-Class Macro Research Firm Cornerstone Macro

Feb 07, 2022over 3 years ago

Acquiring Company

Piper Sandler

Acquired Company

Piper Sandler

MinneapolisMinneapolisFinanceFinancial ServicesFinanceFinancial Services

Description

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has completed the acquisition of Cornerstone Macro. Cornerstone Macro’s senior research analysts connect macro insights from around the world to deliver a comprehensive overview of important global trends. Cornerstone Macro will continue providing its world-class research as Piper Sandler & Co.’s macro research team, led by Nancy Lazar, Andy Laperriere, Roberto Perli and Michael Kantrowitz.

Company Information

Company

Piper Sandler

Location

Chapin Avenue

Minneapolis, Minnesota, United States

About

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Aviditi Capital Advisors Europe GmbH, authorized and regulated by BaFin as a tied agent of AHP Capital Management GmbH; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Ashley hidden

hidden
hidden

Ryan hidden

Derek hidden