Piper Jaffray has completed its purchase of middle-market investment bank Edgeview Partners. “We are pleased to complete the acquisition of Edgeview Partners, which will strengthen our middle-market M&A business and add significant resources dedicated to the private equity community,” said Andrew Duff, chairman and CEO of Piper Jaffray.
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.
“This transaction is the culmination of our efforts to broaden our firm’s capabilities with a partner that shares our client-driven culture and execution focus,” said Ted Garner, partner at Edgeview Partners. “Joining forces with Piper Jaffray expands our product capabilities and sector expertise, as well as the geographic reach of our firm. We look forward to building on Piper Jaffray’s existing strong M&A capabilities to create the leading firm in the middle market.”
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).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-17-13
