Investment firm Piper Sandler set to acquire G Squared Capital Partners, a boutique investment bank.
In a strategic move, Piper Sandler Companies has agreed to acquire G Squared Capital Partners, a boutique investment bank specializing in government services and defense technology. The acquisition is set to significantly enhance Piper Sandler's technology investment banking platform, deepening its expertise and coverage in the rapidly growing government services and defense technology markets.
Founded in 2020 by Greg Nossaman and Greg Woodford, G Squared Capital Partners brings a unique niche advisory strength to the table. With a highly respected advisory practice in the intersection of technology, national security, and mission-critical government priorities, G Squared is well-positioned to offer valuable insights to Piper Sandler's clients.
The acquisition will add ten professionals, including three managing directors, to the Piper Sandler technology investment banking team. This influx of talent is expected to boost Piper Sandler’s advisory capabilities and market reach, enabling the combined firm to offer clients expanded services including debt and equity capital markets, private capital advisory, and restructuring within the government and defense tech sectors.
Greg Woodford, co-founder of G Squared Capital Partners, expressed his excitement about the expanded reach and resources the acquisition provides for better client service. He finds alignment with Piper Sandler in terms of entrepreneurial spirit, respect for deep sector expertise, and commitment to ethical practices.
Brian White, co-head of technology investment banking at Piper Sandler, is equally enthusiastic about the deep government sector experience of G Squared Capital Partners. He believes that the combination of Piper Sandler and G Squared Capital Partners offers deeper relationships across the market, offering new ways to help clients grow and win, with expanded product capabilities.
Piper Sandler was advised by Faegre Drinker Biddle & Reath in the deal, while G Squared Capital Partners was advised by Holland & Knight. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.
Based in the Washington, D.C. area, G Squared Capital Partners' access to deep government sector expertise will complement Piper Sandler’s cybersecurity and technology domains, solidifying Piper Sandler’s place in the government contracting (GovCon) market, an area seen as a strategic growth avenue for its technology investment banking business.
In summary, this move represents Piper Sandler’s focused expansion into high-growth government and defense technology sectors by combining G Squared's niche advisory strengths with Piper Sandler’s extensive capital markets platform, aimed at helping clients “grow and win” in these specialized markets.
The acquisition of G Squared Capital Partners by Piper Sandler Companies will not only deepen their expertise in the government services and defense technology markets, but also offer valuable insights to their clients in the field of finance and investing, given G Squared's unique niche advisory strength in the intersection of technology, national security, and mission-critical government priorities.
With the addition of ten professionals, including three managing directors, to the Piper Sandler technology investment banking team, they anticipate boosting their advisory capabilities and market reach, enabling them to offer expanded services such as debt and equity capital markets in the government and defense tech sectors, thereby increasing their business potential in these high-growth markets.
