Government Services and Defense Technology M&A specialist, G Squared Capital Partners, will be acquired by Piper Sandler.
Piper Sandler Companies, a leading investment bank headquartered in Minneapolis with offices across the United States and internationally, has announced its acquisition of G Squared Capital Partners, a premier boutique investment bank specializing in government services and defense technology.
Founded in 2020 by industry veterans Greg Nossaman and Greg Woodford, G Squared Capital Partners brings deep domain expertise across priority market segments, including digital modernization, cybersecurity, space, software development, health IT, the intelligence community, and other mission-driven areas. With over 20 years of experience in government services and defense technology, Nossaman and Woodford have led the firm to complete over 50 transactions since its inception.
This acquisition will add ten professionals, including three managing directors from G Squared, to Piper Sandler’s technology investment banking team. The move aims to combine G Squared’s government sector experience with Piper Sandler’s cybersecurity and broader technology expertise to offer differentiated advice and expand product capabilities across debt capital markets, equity capital markets, private capital advisory, and restructuring.
Piper Sandler views the government contracting (GovCon) landscape as an essential avenue for expanding its technology investment banking practice, and this acquisition marks a deliberate expansion into this sector with enhanced capabilities and reach. The deal, expected to close in the third quarter of 2025, was supported by legal advisors Faegre Drinker Biddle & Reath and Holland & Knight.
G Squared Capital Partners provides M&A advisory services to private equity-backed platforms, founder-owned businesses, and publicly traded companies serving the U.S. federal government. Piper Sandler's mission is to help clients Realize the Power of Partnership®, and this acquisition aligns with that goal by growing its technology investment banking platform, particularly by gaining a stronger foothold in the rapidly growing government and defense technology market.
The addition of G Squared Capital Partners enhances Piper Sandler's ability to serve clients in the government services and defense technology sectors. For more information, please contact Nick Lawler at 212 891-8954 or [email protected].
Please note that this announcement contains forward-looking statements, which are subject to risks and uncertainties. The forward-looking statements cover the future prospects and growth of the Company. The risks and uncertainties include the possibility that the transaction may not close, the costs or difficulties relating to the combination of businesses, the expected benefits of the transaction may not be achieved, and other factors identified under "Risk Factors" in Part I, Item 1A of Piper Sandler's Annual Report on Form 10-K for the year ended December 31, 2024. These reports are available at pipersandler.com or sec.gov.
Piper Sandler is regulated by various financial authorities, including the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, BaFin, and the Securities and Futures Commission. In addition to its investment banking services, Piper Sandler provides securities brokerage and investment banking services, as well as alternative asset management and fixed income advisory services.
[1] Piper Sandler Press Release, [Link to Press Release] [2] G Squared Capital Partners Website, [Link to Website] [3] Faegre Drinker Biddle & Reath Press Release, [Link to Press Release] [4] Holland & Knight Press Release, [Link to Press Release] [5] Piper Sandler 2024 Annual Report, [Link to Annual Report]
The acquisition of G Squared Capital Partners by Piper Sandler Companies, a leading investment bank, fortifies Piper Sandler's technology investment banking platform and strengthens its position in the government services and defense technology market. This move, anticipated to close in the third quarter of 2025, will expand the firm's capabilities in debt capital markets, equity capital markets, private capital advisory, and restructuring, with a focus on banking advice tailored for cloud security, digital modernization, and other mission-critical sectors. The combined entity's mission is to help clients navigate these sectors and realize the power of partnership, offering a comprehensive suite of services to various markets, including finance, investing, and business.
