Piper Sandler Completes Acquisition Of Best-In-Class Macro Research Firm Cornerstone Macro
Feb 07, 2022•over 3 years ago
Acquiring Company
Piper Sandler
Acquired Company
Piper Sandler
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.
M&A Insights
Based on deal dataIntegration 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