Piper Sandler Companies (NYSE: PIPR), a leading investment bank, announced today that it has entered into a definitive agreement to acquire G Squared Capital Partners, a premier boutique investment bank specializing in government services and defense technology based in the Washington, D.C. area.
G Squared was founded in 2020 by Greg Nossaman and Greg Woodford, seasoned veterans each with over 20 years of experience in government services and defense technology. Previously, Nossaman was a senior managing director at The McLean Group and one of the founding employees at The Windsor Group. Woodford was a senior management director at The McLean Group and a managing director at BB&T Capital Markets.
The addition of G Squared enhances the Piper Sandler technology investment banking team with dedicated coverage of the government services and defense technology market. Ten professionals will join the firm as part of the transaction, including three managing directors.
“G Squared has built a highly respected advisory practice serving companies at the intersection of technology, national security and mission-critical government priorities,” said Brian White, co-head of technology investment banking at Piper Sandler. “We are excited to bring together their deep government sector experience with our cybersecurity and broader technology expertise to deliver differentiated advice to clients in the rapidly growing government and defense technology market. This acquisition furthers the growth of our technology investment banking platform.”
“What drew us to Piper Sandler was the alignment—they share our entrepreneurial spirit, our respect for deep sector expertise and our commitment to doing the work the right way,” said Greg Nossaman, co-founder of G Squared Capital Partners.
“We’re excited about the reach and resources this gives us to better serve our clients. Through expanded product capabilities with debt capital markets, equity capital markets, private capital advisory and restructuring, and deeper relationships across the market, our combination offers new ways to help our clients grow and win,” said Greg Woodford, co-founder of G Squared Capital Partners.
The transaction is expected to close in the third quarter of 2025 and is subject to customary closing conditions.
Piper Sandler was advised by Faegre Drinker Biddle & Reath and G Squared Capital Partners was advised by Holland & Knight in connection with the transaction.
