Piper Jaffray has entered into an agreement to acquire middle-market investment bank Edgeview Partners. The transaction is expected to close in the third quarter of 2013.
Edgeview Partners provides merger and acquisition advisory services to middle-market clients and private equity firms across a range of industries including business services, transportation and logistics, industrials, healthcare, applied technology, building products and consumer sectors. The firm was founded in 2001 and is based in Charlotte, NC (www.edgeview.com).
This is the third time Edgeview Partners has been acquired. In 2007, the firm was purchased by CIT Group. After CIT fell into bankruptcy during the financial downturn, Edgeview’s partners bought back the firm in 2010 and it became independent again.
“We are excited about what this combination achieves for our firm, our employees, and our clients,” said Ted Garner, partner at Edgeview Partners. “Piper Jaffray is a firm that shares our client-driven culture and execution-focused model. In addition, their commitment to the middle market and the private equity community fits perfectly with Edgeview. Our clients will benefit from expanded product capabilities, deeper sector expertise and broadened international reach while our employees will realize outstanding career opportunities.”
Piper Jaffray is an investment bank and asset management firm with clients in the US and internationally. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in London, Zurich and Hong Kong (www.piperjaffray.com).
“We are pleased to welcome this highly experienced team of M&A professionals to our firm. Edgeview’s client-centric culture, middle-market advisory capabilities and financial sponsors focus is well-aligned with our business,” said Andrew Duff, chairman and CEO of Piper Jaffray. “Expanding our M&A practice represents a key step forward in executing the firm’s growth strategy.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-18-13
