Piper Sandler in Talks to Acquire Perella Weinberg Partners

Piper Sandler is in talks to acquire advisory firm Perella Weinberg Partners. The investment bank, which holds a market value of approximately $5 billion and reported $1.9 billion in revenue last year, is seeking to combine with the smaller firm, which has a market value of around $1.4 billion.

Perella Weinberg Partners has experienced a decline in overall revenue, dropping from a record $878 million in 2024 to approximately $750 million in 2025. This financial trend has placed pressure on the firm's shares in recent months. Despite the revenue dip, the advisory firm recently played a role in major transactions, including BlackRock's acquisitions of Global Infrastructure Partners and HPS Investment Partners.

Discussions between the two firms remain ongoing. While sources indicate a deal could be finalized soon, the acquisition is not yet official.