Piper Sandler Completes Acquisition of Premier Alternative Investment Bank Aviditi Advisors, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler Companies (NYSE:PIPR) has completed the acquisition of Aviditi Advisors, a premier alternative investment bank. Aviditi Advisors will now operate as Piper Sandler's private capital advisory group. Financial terms of the acquisition were not disclosed.
August 26, 2024 | 7:01 am
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Piper Sandler has acquired Aviditi Advisors, enhancing its capabilities in private capital advisory services. This strategic acquisition could strengthen Piper Sandler's market position in alternative investments.
The acquisition of Aviditi Advisors by Piper Sandler is a strategic move to enhance its private capital advisory services. This could potentially strengthen Piper Sandler's market position in the alternative investment sector, likely having a positive impact on its stock price in the short term.
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