Piper Sandler Co`S Stock Price, News & Analysis

Piper Sandler Companies (NYSE: PIPR) has announced its latest financial results, underscoring its commitment to partnership-driven investment banking services. Details on earnings can be accessed at pipersandler.com/earnings. The company operates globally, providing a range of services through its affiliates, including securities brokerage and private equity strategies. The press release provides insights into recent performance metrics and strategic initiatives aimed at enhancing shareholder value.

Piper Sandler Companies (NYSE: PIPR) is set to announce its second quarter 2021 financial results on July 30, 2021, before market opening. The earnings will be accessible on the firm’s website. Following the release, a conference call will occur at 9 a.m. ET, hosted by key executives including Chairman Chad Abraham. Participants can join by phone using the provided reservation number. A replay of the call will be available shortly after, along with an audio webcast on their website.

Piper Sandler & Co. announced it has advised Falcon Private Holdings on the sale of Aristech Surfaces LLC to Trinseo for $445 million. This acquisition will enhance Trinseo’s Engineered Materials segment. The transaction is expected to finalize within the year, pending regulatory approvals. Aristech is recognized for manufacturing continuous cast acrylic sheets utilized in various sectors, including wellness and construction. Trinseo, a global materials solutions provider, reported approximately $3.0 billion in net sales in 2020.

Piper Sandler advised PTT Global Chemical Public Company Limited on its acquisition of Allnex for €4.0 billion (approx. $4.75 billion). Allnex, a leader in specialty chemical coatings, reported revenues of €2 billion and an EBITDA margin of 17-19%. The acquisition, pending regulatory approvals, is expected to close in Q4 2021. PTTGC, a major player in the petrochemical sector, will benefit from Allnex's extensive global network of 33 manufacturing sites and 23 research facilities, enhancing its position in the industry.

Piper Sandler Companies (NYSE: PIPR) has announced the hiring of Benj Becker to enhance its special district group in Utah. Becker, with over 15 years of experience in real estate consulting from Zions Public Finance, will aid in funding public infrastructure projects through public infrastructure districts and tax-increment financing. The special district group, comprising over 20 professionals, aims to leverage local expertise to meet the unique needs of Utah clients while drawing on national debt structuring knowledge.

Piper Sandler & Co. has acted as the financial advisor for Platinum Equity in acquiring Solenis for an enterprise value of $5.25 billion. The acquisition involves merging Solenis with Sigura Water, another Platinum Equity portfolio company, for a total transaction value of approximately $6.5 billion. The combined company is projected to generate $3.5 billion in revenue, targeting diverse markets in water treatment. Completion of the acquisition is expected by the end of 2021, pending regulatory approvals.

Piper Sandler Companies (NYSE: PIPR) has expanded its special district group in Denver with the addition of Matt Chorske and Shane Miner. Chorske, with over 23 years in special district banking, and Miner, who has 15 years of experience, both previously worked at BBVA USA Bancshares. The firm has seen significant growth in this sector since launching the special district group in November 2020, now boasting over 20 professionals. This strategic expansion aims to enhance service and expertise for clients in public finance.

Piper Sandler advised SK Capital Partners on the sale of Niacet Corporation to Kerry Group plc for $1.015 billion on a cash-free, debt-free basis. The acquisition will enhance Kerry’s food protection and preservation platform. Niacet is recognized for its leadership in Bakery and Pharma sectors, offering low-sodium preservation technologies for Meat and plant-based foods. The transaction is expected to close by Q3 2021, pending regulatory approvals. SK Capital's portfolio generates around $11 billion annually and employs over 16,000 people globally.

EverArc Holdings has announced its acquisition of 100% of Perimeter Solutions from SK Capital for approximately $2 billion, comprising cash and preferred shares. This transaction is expected to close in Q4 2021 and is subject to customary closing conditions. Perimeter Solutions specializes in high-quality firefighting products and lubricant additives, contributing significant market presence in both sectors. The acquisition aims to enhance EverArc's portfolio in these essential industries.