2021 Vault Rankings
At a Glance
“The culture: entrepreneurial, challenging, relatively good work/life balance”
“The people: I like who I work with”
“Access to clients and senior management team”
“Broad definition of middle market leads to a lot of dead-end deals at the smaller end of the spectrum”
“Management lacks vision”
“Position in the market: firm seems stuck at a low profitability level and unable to move higher”
“Good in middle markets”
“Never heard of them”
About Piper Sandler
Piper Sandler is the product of a July 2019 merger between the investment banking firms Piper Jaffray and Sandler O'Neil. Piper Sandler operates through five main units: investment banking, public finance, institutional equities, fixed income, and private equity strategies. Headquartered in Minneapolis, the firm serves middle-market corporations, private equity firms, government entities, and institutional investors. It operates more than 50 offices across the U.S., and offices in London and Hong Kong. Services include advisory, public finance, capital markets products, and institutional equity and fixed income sales and trading. Today it has more than 1,500 employees and is led by Chad Abraham, its chairman and CEO.
Piper Jaffray’s history can be traced back to 1895, when it established a commercial paper brokerage in Minneapolis, servicing grain elevators and milling businesses. Following subsequent mergers, the firm’s shares debuted on the NASDAQ exchange in 1986; in 1992, the firm name was trimmed to Piper Jaffray Inc. A $730 million acquisition by U.S. Bancorp in 1997 marked the end of Piper Jaffray’s independence, but the tie-up was short-lived: in 2003, Piper Jaffray spun off, becoming an independent public company. Another restructuring came in 2006 when Piper Jaffray sold its private client business to UBS for $510 million.
Sandler O’Neill + Partners was founded in New York City in 1988 by Herman S. Sandler and five other veterans of Bear Stearns. Formerly headquartered in the World Trade Center, Sandler O’Neill lost more than a third of its employees, including co-founder Herman Sandler and investment banking head Christopher Quackenbush, in the terrorist attacks on September 11, 2001. The firm's recovery from the attacks earned it respectful praise in the press; in a Newsweek feature, senior managing partner Jimmy Dunne revealed that in addition to maintaining the Sandler O’Neill Assistance Foundation for the victims’ families, the firm decided in 2007 to expand benefits to victims' families for another three years.
800 Nicollet Mall
Minneapolis, MN 55402-7020
Phone: (612) 303-6000
Employer Type: Public
Stock Symbol: PIPR
Stock Exchange: NYSE
Chairman & CEO: Chad Abraham
2019 Employees (All Locations): 1,500