Piper Jaffray Acquires Simmons

摘要

Investment banking and asset management firm Piper Jaffray said it has reached an agreement to acquire specialist energy investment bank Simmons & Co. in a deal worth $139 million. "This is a milestone transaction as we meaningfully increase the firm's investment banking footprint. Expanding into the energy sector has been a long - term goal for us and we are pleased to have found the ideal partner to fulfill this strategy," said Piper Jaffray global co - head Scott LaRue.